• Home
  • Cryptocurrency
  • Nomura Revolutionizes Institutional Investment with Launch of Bitcoin Adoption Fund

Nomura Revolutionizes Institutional Investment with Launch of Bitcoin Adoption Fund

Cryptocurrency
Jack Evans
Sep 19, 2023 at 09:51 pm

Nomura, Japan's premier investment bank, has boldly stepped into the world of cryptocurrencies with the announcement of its groundbreaking Bitcoin Adoption Fund. This move, orchestrated through its subsidiary, Laser Digital Asset Management, marks a significant milestone in the evolution of institutional crypto investment.

The Bitcoin Adoption Fund is not merely another financial product; it's the cornerstone of Nomura's vision for the future. Targeting institutional investors, Nomura positions this fund as the "first in a range of digital adoption investment solutions" that the firm intends to introduce. This demonstrates Nomura's unwavering commitment to staying at the forefront of digital innovation.

What sets the Bitcoin Adoption Fund apart is its unique offering of "long-only exposure to Bitcoin (BTC)." It's a segment of the Laser Digital Funds Segregated Portfolio Company and has earned the distinction of being registered as a mutual fund under the Cayman Islands Regulatory Authority. Nomura, cognizant of the paramount importance of regulated custody in the crypto world, has chosen Komainu as its trusted partner.

Sebastien Guglietta, the head of Laser Digital Asset Management, sheds light on Nomura's perspective, emphasizing, "Bitcoin is one of the enablers of this long-lasting transformational change, and long-term exposure to Bitcoin offers a solution for investors to capture this macro trend."

Nomura's foray into the digital asset ecosystem is not a recent development. In September 2022, the bank embarked on its digital asset venture capital journey, clearly signaling its intent to remain a pioneer in the realm of digital finance. Adding to its accolades, Laser Digital secured a license from Dubai's Virtual Asset Regulatory Authority (VARA) in August of this year, expanding its global reach.

The timing of this launch couldn't be more auspicious, coinciding with a surge in discussions surrounding regulated Bitcoin investment products not only in Japan but across the globe. The U.S. Securities and Exchange Commission's recent approval of two Bitcoin-based futures exchange-traded funds, coupled with similar greenlights in Canada and Europe for various Bitcoin-focused investment products, underscores the growing acceptance and potential normalization of digital assets within mainstream financial institutions.

Nomura's Bitcoin Adoption Fund is a remarkable development that heralds a new era in institutional crypto investments. For a traditional financial powerhouse like Nomura to take this bold step underscores the growing acceptance and potential normalization of digital assets within the mainstream financial sector. As the world of finance continues to evolve, Nomura stands firmly at the intersection of tradition and innovation, ready to lead investors into a brighter, more crypto-inclusive future.

Read more: Crypto Market Faces Heavy Liquidations as Bitcoin Drops Below $27K

Read more about

Related News

Sign up for daily crypto news in your inbox

Get crypto analysis, news and updates right to your inbox! Sign up here so you don't miss a single newsletter.