Laser Digital, a subsidiary of Nomura, a $500 billion asset manager, has announced the launch of its Bitcoin Adoption Fund, according to a press release received by Bitcoin Magazine. This fund is part of Laser Digital Asset Management’s strategy to introduce a series of investment solutions to the market.
The Laser Digital Bitcoin Adoption Fund is designed to provide long-only exposure to Bitcoin, positioning itself as a cost-effective and secure investment opportunity for institutions. In order to protect the fund’s assets, Laser Digital has partnered with Komainu, a leading regulated custody provider for institutional digital asset investors. Komainu was established in 2018 by Nomura, Ledger, and Coinshares.
This fund operates within Laser Digital Funds SPC as a segregated portfolio. Laser Digital Funds is registered as a mutual fund under the Mutual Funds Act with the Cayman Islands Regulatory Authority (CIMA), ensuring compliance and regulatory oversight.
Sebastian Guglietta, formerly Nomura’s Chief Scientist Officer and an industry veteran with more than 25 years of experience in systematic investment strategies, derivatives, and macro trading, leads Laser Digital Asset Management. Guglietta emphasized the transformative impact of technology on the global economy and identified Bitcoin as a key enabler of this digital transformation.
Guglietta stated, “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, Laser’s Head of Distribution, brings her expertise from Nickel Digital Asset Management and Bank of America Merrill Lynch to the team. With her strong background in institutional business, King’s addition is expected to play a crucial role in the growth of Laser Digital.
“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,” King commented.
Headquartered in Switzerland, Laser Digital combines the principles and best practices of global investment banking with a team that has a deep understanding of the Bitcoin landscape.
Sources:
– [Laser Digital](https://www.laserdigital.com/)
– [Nomura Holdings](https://www.nomuraholdings.com/news/nr/holdings/20220921/20220921_b.html)
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