Go! Subsidiary of Japan's Largest Investment Bank Launches BTC Fund!

<p>&nbsp;"Wow that's the best, many big firms seem to like crypto more and more."</p><p><br /></p><p>Laser Digital Asset Management, a subsidiary of Nomura Group which is Japan's largest investment bank and brokerage has launched a Bitcoin Adoption Fund for institutional investors.</p><p><br /></p><p>The move is the first digital asset deployment investment solution by a Nomura Group subsidiary, which will allow institutional investors to access cryptocurrencies.</p><p><br /></p><p>Not only will the Laser Digital Bitcoin Adoption Fund help institutional investors gain exposure to BTC, but it will also be cost-effective and safe to use.</p><p><br /></p><p><br /></p><p>Laser is reported to apply Komainu's custody solution founded in 2018 by Nomura, Ledger including Coinshares, where it aims to obtain fund assets.</p><p><br /></p><p>In addition to stating that the BTC fund has relatively high risk management and compliance, Laser Digital Asset Management Head of Management Fiona King also said that the fund is a portfolio of Laser Digital Funds SPC.</p><p><br /></p><p>Nomura Group plans to make the Laser Digital Bitcoin Adoption Fund profitable within two years, so they will have to compete with JPMorgan and Goldman Sachs amid rising crypto demand.</p><p><br /></p><p>However, Nomura Group believes Laser Digital may take longer than expected to generate a significant amount of profit as the crypto market is currently still moving flat.</p><p><br /></p><p>As of this writing, BTC price has surged by 2.06% to $27,290 in the last 24 hours with a market cap of $531 billion and is up 5.18% over the last week.</p>