Nomura Launches Bitcoin Asset Management Through Bitcoin Adoption Fund
Date: 2023-09-19 Author: Dima Zakharov Categories: CRYPTO PAYMENTS
Nomura Launches Bitcoin Adoption Fund: A New Phase in Institutional Bitcoin Investments
Japanese financial giant Nomura is stepping into the world of cryptocurrency investments by launching its own Bitcoin fund called the Bitcoin Adoption Fund. This fund offers institutional investors the opportunity to invest in Bitcoin with a long-term perspective. The Bitcoin Adoption Fund will be part of the Laser Digital Funds SPC and registered as a mutual fund in the Cayman Islands.
Laser Digital, the cryptocurrency division of Nomura, will leverage solutions provided by Komainu, a company created by the bank in collaboration with Ledger and CoinShares in 2018, for the secure custody of the fund's assets. This move underscores Nomura's commitment to ensuring the reliability and security of its clients' investments in cryptocurrency assets.
Laser Digital was established just a year ago and is actively expanding in three key areas: venture capital, asset management, and trading. To date, the organization has invested in ten crypto startups, including Orderly Network, WebN Group, and Infinity Exchange. This experience and expertise will enable Laser Digital to effectively manage the Bitcoin Adoption Fund and provide investors with high-quality services.
Secure Custody of Cryptocurrency Assets: The Role of Komainu in Nomura's Strategy
In June of this year, Laser Digital acquired Elysium Technology Group, allowing it to offer post-trade services for over-the-counter foreign exchange and digital assets. This move will enable the company to broaden its range of services and strengthen its position in the cryptocurrency and digital asset markets.
The launch of the Bitcoin Adoption Fund by Nomura highlights the growing interest of traditional financial institutions in cryptocurrencies, particularly Bitcoin. This move also demonstrates the bank's commitment to providing its clients with the opportunity to diversify their portfolios with cryptocurrency assets and access innovative financial solutions.
Innovation and a Variety of Services: Laser Digital Strengthens Its Position in the Cryptocurrency Industry
Furthermore, the launch of the Bitcoin Adoption Fund stands out in the context of the increasing popularity of cryptocurrency investments among institutional investors. Many large financial institutions and funds are actively researching and implementing cryptocurrency strategies to meet their clients' needs for diversification and high returns.
In addition to asset management, Laser Digital focuses on venture capital and trading, allowing it to stay at the forefront of innovative developments in the cryptocurrency sector. Its investments in promising crypto startups and the acquisition of Elysium Technology Group further solidify its position and diversify its range of services.
