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Crypto Horizon: Nomura's Bitcoin Fund Debut

Martin Walker
Sep 20, 2023 at 12:54 pm

Japan’s renowned investment banking giant, Nomura, has made a significant move in the world of digital assets. Through its digital asset subsidiary, Laser Digital Asset Management, the bank has taken the plunge into the exciting realm of cryptocurrencies. Their latest offering, the Bitcoin Adoption Fund, is designed to cater to the needs of institutional investors, and it's causing quite a stir.

The official announcement proudly proclaims that this new fund, tethered to Bitcoin (BTC) and currently valued at approximately $27,116, is just the tip of the iceberg. Nomura has big plans in store, as they aim to roll out a series of digital adoption investment solutions in the near future.

Nomura, a financial heavyweight in Japan with assets exceeding a staggering $500 billion, has long been a trusted provider of brokerage services to top-tier institutional investors. With the launch of the Bitcoin fund through its digital asset arm, the bank has effectively paved the way for these investors to directly engage with the world of cryptocurrencies.

The Laser Digital Bitcoin Adoption Fund is structured to allow investors to take long positions exclusively in Bitcoin. Nomura has taken careful steps to ensure the security of these assets by partnering with Komainu, a reputable regulated custodian. This Bitcoin Fund is a vital component of the Laser Digital Funds Segregated Portfolio Company, which has been duly registered as a mutual fund in accordance with the regulatory framework of the Cayman Islands.

Sebastien Guglietta, the head honcho at Laser Digital Asset Management, is not one to understate the significance of this move. He believes that Bitcoin is a catalyst for profound and lasting changes, and maintaining a long-term exposure to Bitcoin is an attractive proposition for investors looking to align with this significant macro trend.

It's worth noting that while the Bitcoin Adoption Fund is making headlines now, Nomura has been quietly laying the groundwork in the digital asset ecosystem for quite some time. Their venture into digital assets began in earnest in September 2022 when they launched a dedicated venture capital arm, positioning themselves at the forefront of digital innovation. Additionally, Nomura's crypto division, Laser Digital, recently achieved a major milestone by securing a license from Dubai’s Virtual Asset Regulatory Authority (VARA) to operate in the region, back in August of this year.

As the Japanese investment landscape welcomes this long-only Bitcoin Adoption Fund for investors, it's clear that the stage is set for a broader conversation. Around the world, we're witnessing a growing discourse on Bitcoin-based investment products from regulated and mainstream financial institutions. Notably, the United States Securities and Exchange Commission has given the green light to two Bitcoin-based futures exchange-traded funds (ETFs), though the decision on spot Bitcoin ETFs remains pending. Beyond the U.S., both Canada and Europe have also given their approval to a variety of Bitcoin-focused investment products over the past couple of years, signaling the increasing mainstream acceptance of cryptocurrencies.

Read more about: BitMEX's New Prediction Markets: Bet on the Future of FTX, SEC's Bitcoin ETF, and a CEO's Fate

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