Nomura’s crypto arm launches ‘long-only’ bitcoin exposure fund

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By BitcoinWiki News

Key Takeaways:

  • Laser Digital, the crypto unit of Nomura, has launched an asset management business with a Bitcoin fund.
  • The Bitcoin Adoption Fund provides “long-only” exposure to Bitcoin for institutional investors.
  • Komainu, co-founded by Nomura, will custody the fund’s assets.
  • The fund is the first in a range of crypto investment products planned by Laser Digital.
  • Laser Digital’s asset management business is led by Sebastian Guglietta, previously Nomura’s chief scientist officer.
  • Fiona King, who joined Laser earlier this year, is head of distribution of Laser Digital Asset Management.
  • Laser Digital has also invested in multiple crypto startups and acquired Elysium Technology Group.
  • Last month, Laser Digital’s Dubai entity received operating license approval.

Laser Digital, the crypto unit of Japanese banking giant Nomura, has launched its asset management business with the Bitcoin Adoption Fund. The fund provides exposure to bitcoin for institutional investors and is registered as a mutual fund with the Cayman Islands Regulatory Authority. Laser Digital will use Komainu, co-founded by Nomura, to custody the fund’s assets. The fund is the first of many crypto investment products the firm plans to launch. Laser Digital’s asset management business is led by Sebastian Guglietta, with Fiona King as head of distribution. Laser Digital was launched a year ago and has already invested in several crypto startups. Last month, Laser Digital’s Dubai entity received operating license approval from the city’s Virtual Asset Regulatory Authority.

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