😎 Summer Sale Exclusive - Up to 50% off AI-powered stock picks by InvestingProCLAIM SALE

Laser Digital launches Bitcoin Adoption Fund for institutional investors

EditorPollock Mondal
Published 09/19/2023, 05:34 AM
© Reuters

Laser Digital Asset Management, a subsidiary of Nomura, announced the launch of their Bitcoin Adoption Fund on Tuesday. The fund aims to provide a cost-effective and secure investment solution for institutional investors seeking long-only exposure to Bitcoin. This is the first of many digital adoption investment solutions that Laser Digital Asset Management plans to introduce to the market.

The Bitcoin Adoption Fund is part of Laser Digital Funds SPC, a Segregated Portfolio Company registered as a mutual fund pursuant to section 4(3) of the Mutual Funds Act with CIMA (Cayman Islands Regulatory Authority). To ensure the security of the fund's assets, Laser will rely on Komainu, a regulated custody solution for institutional digital asset investors founded in 2018 by Nomura, Ledger, and Coinshares.

Laser Digital Asset Management is led by Sebastien Guglietta, who previously held the position of Nomura's Chief Scientist Officer and was a Portfolio Manager and Senior Scientist at Brevan Howard. Fiona King, former Managing Director and Global Head of Institutional Business at Nickel Digital Asset Management and responsible for Bank of America Merrill Lynch (NYSE:BAC)'s UCITS alternative platform, joined Laser as Head of Distribution.

Upon launching the fund, Guglietta expressed his belief in technology as a key driver of global economic growth. 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." Fiona King added that the new fund provides institutional investors with a secure path into digital asset investment backed by established finance, with high levels of risk management and compliance.

Laser Digital was co-founded by Steven Ashley, former leader of Nomura's wholesale division, and Jez Mohideen, Nomura's ex-Chief Digital Officer and Co-Head of Global Markets EMEA. The company, based in Switzerland, combines the rigor and best practices of global investment banking with the experience of a crypto-native team.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.