Nomura Bank Launches Bitcoin Adoption Fund
Coinscreed
19 Sep 2023 2:11 PM
Japan's largest investment bank, Nomura, through its subsidiary Laser Digital Asset Management, has launched a Bitcoin Adoption Fund that will...
- Nomura, Japan's largest investment bank, has launched a Bitcoin Adoption Fund through its subsidiary Laser Digital Asset Management.
- The fund aims to offer Bitcoin exposure to institutional investors and is the first in a series of digital adoption investment solutions.
- Nomura, with over $500 billion in assets, provides brokerage services to prominent institutional investors.
- The fund offers only long Bitcoin exposure and has selected Komainu as its regulated custody partner.
- The fund is registered with the Cayman Islands Regulatory Authority as a mutual fund.
- Sebastian Gugliet, the president of Laser Digital Asset Management, believes Bitcoin is an enabler of long-lasting transformational change.
- Nomura has been investing in the digital asset ecosystem and established a digital asset venture capital arm in September 2022.
- Laser Digital also received a license to operate in Dubai from the Virtual Asset Regulatory Authority.
- The Bitcoin Adoption fund arrives amid a growing discussion on Bitcoin-based investment products offered by regulated financial institutions.
The sentiment of the article is generally positive, highlighting the launch of Nomura's Bitcoin Adoption Fund and its potential benefits for institutional investors. The article also mentions Nomura's previous investments in the digital asset ecosystem, indicating a positive outlook for the future.