Laser Digital, a subsidiary of Japan-based Nomura, today announced the launch of the Bitcoin Adoption Fund.
Laser Digital said the fund, which enables institutional investors to access the digital asset class, will be the first in a range of digital adoption investment solutions that Laser Digital Asset Management will bring to the market.
What is Laser Digital Bitcoin Adoption Fund?
The Laser Digital Bitcoin Adoption Fund provides long-only exposure to Bitcoin whilst being one of the most cost-effective and secure investment solutions.
To secure the fund’s assets, Laser will use Komainu, which was founded in 2018 by Nomura, Ledger and Coinshares and delivers a regulated custody solution for institutional digital asset investors.
The Fund is a segregated portfolio part of Laser Digital Funds SPC, a Segregated Portfolio Company registered as a mutual fund pursuant to section 4(3) of the Mutual Funds Act with CIMA (Cayman Islands Regulatory Authority).
Laser Digital Asset Management is led by Sebastian Guglietta, who was previously Nomura’s Chief Scientist Officer, prior to which he was a Portfolio Manager and Senior Scientist at Brevan Howard.
Sebastien has over 25 years of experience in the domain of systematic investment strategies, derivatives and macro trading. Fiona King, Head of Distribution, joined Laser from Nickel Digital Asset Management, where she was Managing Director and Global Head of Institutional Business. Prior to this, she was at Bank of America Merrill Lynch, responsible for UCITS alternative platform.
Sebastien Guglietta, Head of Laser Digital Asset Management, said: “Technology is a key driver of global economic growth and is transforming a large part of the economy from analogue to digital. 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.”
Fiona King, Head of Distribution, Laser Digital Asset Management, added, “We’re delighted to now launch our Bitcoin adoption fund, which allows institutional investors a secure path into digital asset investment that is backed by established finance, with the highest levels of risk management and compliance.”
Laser Digital was launched by Nomura and was co-founded by Steven Ashley, who previously led Nomura’s wholesale division and Jez Mohideen, who was Nomura’s Chief Digital Officer and Co-Head of Global Markets EMEA.
Headquartered in Switzerland, Laser Digital combines the rigor, best practices, and capabilities from global investment banking with the experience of a crypto-native team.
What does Laser Digital offer?
Laser Digital, in a statement, said it delivers scalable, robust opportunities in digital assets across trading, asset management, and ventures.
The development comes almost three months after Laser acquired Elysium Technology Group, a provider of post-trade solutions for over-the-counter (OTC) foreign exchange (FX) and digital assets.