📰 Yello Paradisers!
Big news coming from Japan’s financial sector! Nomura Group, the country’s largest investment bank and brokerage group, has entered the crypto space in a big way.
📰 The Fund
Nomura’s digital asset subsidiary, Laser Digital Asset Management, has launched the Bitcoin Adoption Fund. Aimed at institutional investors, this fund is the first of its kind from Nomura and comes amid increasing demand for digital assets.
📰 The Details
The fund was officially announced on September 19 and aims to provide institutional investors with a secure and cost-effective way to gain exposure to Bitcoin. Laser Digital is using the regulated custody solution Komainu, co-founded by Nomura, Ledger, and Coinshares, to secure the fund’s assets.
📰 The Vision
Sebastien Guglietta, the head of Laser Digital Asset Management, emphasized the transformative power of technology and Bitcoin’s role in it. He 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.”
📰 Risk Management
Fiona King, another head at Laser Digital Asset Management, assures that the Bitcoin fund adheres to the highest levels of risk management and compliance. The fund is a segregated portfolio and is part of Laser Digital Funds SPC, a registered mutual fund.
📰 The Takeaway
This move by Nomura Group signifies the growing institutional interest in cryptocurrencies, particularly in Japan. It also highlights the increasing efforts to provide secure and regulated investment avenues for institutional investors looking to enter the crypto market.
📰 Stay tuned for more updates on this exciting development. Trade wisely.
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