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Japan’s largest investment bank, Nomura’s digital asset subsidiary Laser Digital Asset Management, has introduced a Bitcoin Adoption Fund aimed at institutional investors.
The official statement highlighted that the Bitcoin (BTC)-based fund will be the inaugural offering in a series of digital adoption investment solutions that the company intends to roll out.
Nomura is a prominent Japanese financial institution with assets exceeding $500 billion and provides brokerage services to major institutional investors. The Bitcoin fund established by its digital asset division will now grant investors direct access to Bitcoin.
The Laser Digital Bitcoin Adoption Fund provides long-only exposure to Bitcoin. The financial institution has selected Komainu as its regulated custody partner. The Bitcoin Fund is part of Laser Digital Funds Segregated Portfolio Company, which has been registered as a mutual fund in compliance with the Cayman Islands Regulatory Authority.
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Sebastien Guglietta, head of Laser Digital Asset Management, stated that Bitcoin is a key driver of this enduring transformational change, and long-term exposure to Bitcoin presents a solution for investors to engage with this macro trend.
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The Bitcoin Adoption Fund may be the first of its kind initiated by Nomura and its digital asset division, but the Japanese investment banking leader has been actively investing in the digital asset ecosystem for a considerable period. In September 2022, the firm established its digital asset venture capital division to remain at the forefront of digital innovation. Earlier in August this year, Nomura’s crypto division, Laser Digital, also secured a license from Dubai’s Virtual Asset Regulatory Authority (VARA) to operate within the country.
The long-only Bitcoin Adoption Fund for investors in Japan emerges amid an increasing dialogue surrounding Bitcoin-based investment products from regulated and mainstream financial institutions. The United States Securities and Exchange Commission has approved two Bitcoin-based futures exchange-traded funds (ETFs), despite a postponed decision on spot Bitcoin ETFs. Additionally, Canada and Europe have also sanctioned several Bitcoin-focused investment products over the past few years.
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