Bitcoin Adoption Fund launched by Japan’s $500B Nomura bank

MARKET_WATCH Crypto

Japan’s largest investment bank, Nomura’s digital asset subsidiary Laser Digital Asset Management, has launched a Bitcoin Adoption Fund for institutional investors.

 

The official announcement noted that the Bitcoin-based fund will be the first in a range of digital adoption investment solutions that the firm plans to introduce.

 

Nomura is a Japanese financial giant with over $500 billion worth of assets and offers brokerage services to leading institutional investors. The Bitcoin fund launched by its digital asset arm will now offer investors direct exposure to Bitcoin.

 

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

 

Laser Digital Asset Management head Sebastien Guglietta said that Bitcoin is one of the enablers of this long-lasting transformational change, and long-term exposure to Bitcoin offers a solution for investors to capture this macro trend.

 

The Bitcoin Adoption Fund might be the first of its kind launched by Nomura and its digital asset arm, but the Japanese investment banking giant has been investing in the digital asset ecosystem for quite some time already. In September 2022, the firm launched its digital asset venture capital arm to stay at the forefront of digital innovation. Earlier in August this year, Nomura’s crypto arm, Laser Digital, also won Dubai’s Virtual Asset Regulatory Authority (VARA) license to operate in the country.

 

The long-only Bitcoin Adoption Fund for investors in Japan comes amid a growing discussion around Bitcoin-based investment products from regulated and mainstream financial giants. The United States Securities and Exchange Commission approved two Bitcoin-based futures exchange-traded funds (ETFs) even though there is a delayed decision on spot Bitcoin ETFs. Apart from the U.S., Canada and Europe have also approved several Bitcoin-focused investment products over the past couple of years.

 

Source : Cointelegraph By Prashant Jha / September 19, 2023

rayn.finance logo

Automata FRANCE SAS

240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma

Italy

The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act.