Nomura’s digital assets subsidiary, Laser Digital, has
launched the Bitcoin Adoption Fund to promote the adoption of the
cryptocurrency. This fund is designed exclusively for institutional investors
and offers them a gateway into the world of Bitcoin.
Sebastien Guglietta, the Head of Laser Digital Asset
Management, commented: “Technology is a key driver of global economic
growth and is transforming a large part of the economy from analogue to
digital. 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.”
Security is paramount when it comes to handling digital
assets, especially for institutional investors, Nomura acknowledged. To ensure
the safety of clients’ assets, the Bitcoin
Adoption Fund will entrust custody to
Komainu, a joint venture that counts Nomura, Ledger, and CoinShares among its
collaborators.
The launch of the Bitcoin Adoption Fund follows a
significant milestone for both Laser Digital and Komainu. Last month, both
entities secured
an operating license from Dubai’s Virtual Asset Regulatory Authority
(VARA), granting them the approval to provide a diverse array of digital asset
trading services and investment products.
The launch of Nomura’s Bitcoin Adoption Fund aligns with the
broader trend of regulated and mainstream financial institutions entering the
Bitcoin investment space. Notably, the United States Securities and Exchange
Commission has approved two Bitcoin-based futures ETFs, with ongoing
discussions regarding spot Bitcoin ETFs. Beyond the U.S., both Canada and
Europe have approved various Bitcoin-focused investment products over the past
few years.
Laser Digital Expands Workforce
On top of that, Laser Digital expanded its workforce in
accordance with its ambitions in the digital assets space. The company recently
appointed
Kevin Gillespie, a veteran in the field of forex sales. Gillespie, who has more than three decades of experience, assumed a pivotal role in forex
distribution at Laser Digital.
Nomura is one of Japan’s leading investment bank with assets
exceeding $500 billion. The company has recently made a significant foray into the world of
cryptocurrencies. Nomura introduced Laser Digital in Switzerland in
September last year, with a strategic focus on secondary trading, venture
capital, and innovative investor products.
Headquartered in Tokyo, Nomura Holdings recently unveiled
remarkable financial
results for the first quarter of the fiscal year ending March 31, 2024. The
company attributes its exceptional performance to strategic initiatives and
revenue diversification efforts. Net revenue reached an impressive JPY 348.9
billion ($2.4 billion), with pre-tax income at JPY 46.3 billion ($320 million). Additionally, the net income attributable to Nomura shareholders surged by 29% year-over-year
(YoY) to JPY 23.3 billion ($161 million).
Nomura’s digital assets subsidiary, Laser Digital, has
launched the Bitcoin Adoption Fund to promote the adoption of the
cryptocurrency. This fund is designed exclusively for institutional investors
and offers them a gateway into the world of Bitcoin.
Sebastien Guglietta, the Head of Laser Digital Asset
Management, commented: “Technology is a key driver of global economic
growth and is transforming a large part of the economy from analogue to
digital. 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.”
Security is paramount when it comes to handling digital
assets, especially for institutional investors, Nomura acknowledged. To ensure
the safety of clients’ assets, the Bitcoin
Adoption Fund will entrust custody to
Komainu, a joint venture that counts Nomura, Ledger, and CoinShares among its
collaborators.
The launch of the Bitcoin Adoption Fund follows a
significant milestone for both Laser Digital and Komainu. Last month, both
entities secured
an operating license from Dubai’s Virtual Asset Regulatory Authority
(VARA), granting them the approval to provide a diverse array of digital asset
trading services and investment products.
The launch of Nomura’s Bitcoin Adoption Fund aligns with the
broader trend of regulated and mainstream financial institutions entering the
Bitcoin investment space. Notably, the United States Securities and Exchange
Commission has approved two Bitcoin-based futures ETFs, with ongoing
discussions regarding spot Bitcoin ETFs. Beyond the U.S., both Canada and
Europe have approved various Bitcoin-focused investment products over the past
few years.
Laser Digital Expands Workforce
On top of that, Laser Digital expanded its workforce in
accordance with its ambitions in the digital assets space. The company recently
appointed
Kevin Gillespie, a veteran in the field of forex sales. Gillespie, who has more than three decades of experience, assumed a pivotal role in forex
distribution at Laser Digital.
Nomura is one of Japan’s leading investment bank with assets
exceeding $500 billion. The company has recently made a significant foray into the world of
cryptocurrencies. Nomura introduced Laser Digital in Switzerland in
September last year, with a strategic focus on secondary trading, venture
capital, and innovative investor products.
Headquartered in Tokyo, Nomura Holdings recently unveiled
remarkable financial
results for the first quarter of the fiscal year ending March 31, 2024. The
company attributes its exceptional performance to strategic initiatives and
revenue diversification efforts. Net revenue reached an impressive JPY 348.9
billion ($2.4 billion), with pre-tax income at JPY 46.3 billion ($320 million). Additionally, the net income attributable to Nomura shareholders surged by 29% year-over-year
(YoY) to JPY 23.3 billion ($161 million).
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://www.financemagnates.com//cryptocurrency/nomuras-laser-digital-pioneers-bitcoin-adoption-fund-for-institutional-investors/
