Nomura’s Laser Digital Pioneers Bitcoin Adoption Fund for Institutional Investors

<p>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. </p><p>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."</p><p>Nomura Targets Institutional Investors</p><p>Security is paramount when it comes to handling digital
assets, especially for institutional investors, Nomura acknowledged. To ensure
the safety of clients' assets, the <a href="https://www.financemagnates.com/terms/b/bitcoin/">Bitcoin</a> Adoption Fund will entrust custody to
Komainu, a joint venture that counts Nomura, Ledger, and CoinShares among its
collaborators. </p><p>The launch of the Bitcoin Adoption Fund follows a
significant milestone for both Laser Digital and Komainu. Last month, both
entities <a href="https://www.financemagnates.com/cryptocurrency/dubais-crypto-surge-komainu-bags-license-after-binances-entry/" target="_blank" rel="follow">secured
an operating license</a> 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. </p><p>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 <a href="https://www.financemagnates.com/terms/e/exchange/">Exchange</a>
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.</p><p>Laser Digital Expands Workforce</p><p>On top of that, Laser Digital expanded its workforce in
accordance with its ambitions in the digital assets space. The company recently
<a href="https://www.financemagnates.com/executives/fx-sales-veteran-kevin-gillespie-joins-nomuras-laser-digital/" target="_blank" rel="follow">appointed
Kevin Gillespie</a>, 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.</p><p>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.</p><p>Headquartered in Tokyo, Nomura Holdings recently unveiled
remarkable <a href="https://www.financemagnates.com/institutional-forex/nomura-reports-record-breaking-quarter-assets-and-retail-trading-soar/" target="_blank" rel="follow">financial
results for the first quarter</a> 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).</p>

This article was written by Jared Kirui at www.financemagnates.com.