Nomura’s digital asset subsidiary, Laser Digital Asset Management, introduced a Bitcoin Adoption Fund for institutional investors which is first among the numerous digital adoption investment solutions this bank plans to undertake.
Nomura Holdings, Inc. is a financial holding company and a principal member of the Nomura Group, which is Japan’s largest investment bank and brokerage group.” It, along with its broker-dealer, banking and other financial services subsidiaries, provides investment, financing and related services to individual, institutional, and government customers on a global basis with an emphasis on securities businesses,” said Wikipedia.
Komainu was chosen as its regulated custody partner and was formed from the collaborative efforts of Nomura, Ledger and Coinshares. Nomura is based in Japan.
in fund is part of a Laser Digital Funds Segregated Portfolio Company that is registered as a mutual fund under the Cayman Islands Regulatory Authority. The new fund will enable institutional players to access cryptocurrencies smoothly while ensuring cost-effective and secure exposure to Bitcoin.
“Bitcoin is one of the enablers of this long-lasting transformational change and long-term exposure to Bitcoin offers a solution to investors to capture this macro trend,” said Laser Digital Asset Management Head Sebastien Guglietta in a comment.
With this fund, Japan’s rising crypto acceptance is clearly seen. The country introduced a new stablecoin law in June 2022 that led the top bank, MUFG, to sail through stablecoin minting using its blockchain platform Pragmat in June 2023 when the bill officially came into effect.
In early August 2023, Laser Digital was granted an operating license from Dubai’s Virtual Asset Regulatory Authority (VARA) for providing virtual asset (VA) broker-dealer services and VA management and investment services.
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