Japan's largest investment bank, Nomura, unveiled its Bitcoin Adoption Fund through its crypto subsidiary, Laser Digital.
On September 19, Nomura's subsidiary, Laser Digital announced it would use Koimanu, an entity established in 2018 by Nomura, Ledger, and Coinshares, to custody the fund's assets.
The primary goal of this initiative is to create a straightforward and efficient gateway for institutional investors to enter the rapidly evolving digital asset space, positioning itself as a cost-effective and secure investment option.
According to the press release, the launch of this project is just the beginning, as Laser Digital Asset Management declared it has ambitious plans to roll out a comprehensive suite of digital adoption investment tools shortly.
Laser Digital and Komainu recently obtained operating licenses from Dubai's Virtual Asset Regulatory Authority (VARA), clearing the path to offer various digital asset trading services and investment products.
Sebastian Guglietta, formerly the Chief Scientific Officer at Nomura and with prior roles as a Portfolio Manager and Senior Scientist at Brevan Howard, leading this initiative as the Head of Laser Digital Asset Management, expressed his excitement at the fund's launch:
"Technology is a key driver of global economic growth and is transforming a large part of the economy from analog to digital. 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."
In addition to Sebastian Guglietta, another integral team member is Fiona King, who now leads Laser's distribution efforts.
King brings a wealth of experience, having previously spearheaded the institutionalRead more on cryptonews.com