Nomura Bank launches $500B Bitcoin Adoption Fund in Japan to accelerate Web 3.0 technologies.
Bitcoin Adoption Fund launched by Japan’s $500B Nomura bank

Nomura Launches Bitcoin Adoption Fund for Institutional Investors

Japan’s biggest investment bank, Nomura’s digital asset subsidiary Laser Digital Asset Management, has unveiled a Bitcoin Adoption Fund for institutional investors. The official announcement highlighted that the Bitcoin (BTC)-based fund is the first in a range of digital adoption investment solutions that the firm plans to introduce.

Nomura is a leading Japanese financial giant with over $500 billion worth of assets and provides brokerage services to renowned institutional investors. Now, the Bitcoin fund launched by its digital asset arm will offer investors direct access to Bitcoin.

The Laser Digital Bitcoin Adoption Fund provides long-only exposure to Bitcoin. The financial giant has selected Komainu as its regulated custody partner. The Bitcoin Fund is a part of Laser Digital Funds Segregated Portfolio Company that has been registered as a mutual fund in accordance with the Cayman Islands Regulatory Authority.

The Growing Interest in Bitcoin-based Investment Products

Sebastien Guglietta, head of Laser Digital Asset Management, believes that Bitcoin is a key factor in bringing about long-term, transformational change. He suggests that investors can benefit from having long-term exposure to Bitcoin. This sentiment has led to Nomura, a Japanese investment banking giant, launching the Bitcoin Adoption Fund, the first of its kind.

Nomura has been investing in the digital asset ecosystem for some time. In September 2022, it established a digital asset venture capital arm to stay at the forefront of digital innovation. Earlier this year, its crypto arm, Laser Digital, was granted a license by Dubai’s Virtual Asset Regulatory Authority (VARA).

The Bitcoin Adoption Fund is part of a larger discussion around Bitcoin-based investment products from regulated and mainstream financial institutions. The United States Securities and Exchange Commission has approved two Bitcoin-based futures exchange-traded funds (ETFs). Additionally, Canada and Europe have approved several Bitcoin-focused investment products.

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