A new fund offering institutional investors exposure to bitcoin (BTC) has been launched by Laser Digital, a division of Japanese financial services major Nomura that specializes in digital assets.According to a Tuesday release by Laser Digital, the Bitcoin Adoption Fund will offer long-only exposure and will be the first of a variety of similar digital asset investment products.
“Technology is a key driver of global economic growth and is transforming a large part of the economy from analogue to digital,” said Sebastien Guglietta, head of Laser Digital Asset Management. “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.”
Asset custody for clients will be handled by the fund through Komainu, a partnership between Nomura, Ledger, and CoinShares.Last month, Dubai’s Virtual Asset Regulatory Authority (VARA) granted operating licenses to both Laser Digital and Komainu, opening the door for the provision of a variety of trading services and investment goods in the digital asset space.