Japan's Largest Investment Firm Launches Bitcoin Fund for Institutional Clients
Date: 2023-09-19 Author: Dima Zakharov Categories: BLOCKCHAIN, IN WORLD
The Purpose of the Fund
The primary goal of this fund is to offer an economically efficient and secure solution for long-term investments in Bitcoin. The team at Laser Digital Asset Management believes that Bitcoin, as a digital asset, plays a pivotal role in the ongoing transformation of the economy from analog to digital. Investors are increasingly looking for opportunities to capture the potential gains from this macro trend.
Sebastian Guillet, the head of digital asset management at Laser Digital, expressed this sentiment, stating, "Technology is transforming a large part of the economy from analogue to digital… Long-term exposure to Bitcoin offers a solution to investors to capture this macro trend."
Future Digital Technology Products
Laser Digital Asset Management has ambitious plans beyond this Bitcoin fund launch. They intend to introduce a range of other products in the digital technology sector, further highlighting their commitment to navigating the evolving landscape of digital assets.
Security Measures
Ensuring the safety and security of the fund's assets is of paramount importance. To achieve this, Laser Digital has partnered with Komainu, a company offering regulated custodial solutions tailored for institutional crypto investors. This partnership ensures that institutional clients can have confidence in the security of their digital assets while investing in the fund.
A Transformative Force
Sebastian Guillet emphasized that Bitcoin is a driving force behind the long-term transformation of the economy from analog to digital. As technology continues to reshape various industries, digital assets like Bitcoin are becoming increasingly important for investors seeking to participate in this ongoing shift.
Laser Digital Ventures' Previous Involvement
Prior to this announcement, Laser Digital Ventures had already made significant strides in the digital technology sector. They participated in a seed funding round for the Web3 company Bastion, contributing $25 million to support its growth and development.
This move by Laser Digital Asset Management signifies Japan's growing interest in digital assets and cryptocurrencies. As the world continues to witness the integration of blockchain technology and digital currencies into traditional finance, initiatives like the Laser Digital Bitcoin fund highlight the importance of staying ahead in this rapidly evolving financial landscape.
