Japanese financial services giant Nomura's digital assets subsidiary Laser Digital has introduced a new fund providing bitcoin (BTC) exposure to institutional investors.
The Bitcoin Adoption Fund will provide long-only exposure and will be the first in a range of such digital asset investment products offered by Laser Digital, according to an announcement on Tuesday.
"Technology is a key driver of global economic growth and is transforming a large part of the economy from analogue to digital," said Sebastien Guglietta, head of Laser Digital Asset Management. "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."
The fund will use Komainu, a joint venture between Nomura, Ledger and CoinShares, for custody of client assets.
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Both Laser Digital and Komainu received an operating license from Dubai’s Virtual Asset Regulatory Authority (VARA) last month, paving the way to offering a range of digital asset trading services and investment products.