BTC

Nomura, Japan’s largest Investment Bank, Launches New Bitcoin Fund

by BSC News

September 19, 2023

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In an effort to make Bitcoin exposure more accessible to institutional investors, Nomura, the largest investment bank in Japan, has launched its own Bitcoin Adoption fund via its crypto subsidiary, Laser Digital

Nomura, the single largest investment bank in Japan, has announced the launch of its Bitcoin Adoption fund, via its crypto arm, Laser Digital.

The fund will allow institutional investors a route to long-only Bitcoin (BTC) exposure in what is expected to be a secure and regulated fashion. The fund will look to Komainu, a joint-venture between CoinShares, Nomura, and Ledger, to ensure safe custody of the digital assets in question.

Laser Digital’s initiatives are spearheaded by Sebastian Guglietta, who was previously Chief Scientific Officer for Nomura. Laser Digital’s cryptocurrency activities also cover direct investment into blockchain-focused startups.

According to Guglietta, the newly launched Bitcoin fund will allow institutional investors to “capture the macro trend”.

The above is just the latest instalment in the saga of traditional institutions looks to capitalize on the ostensibly growing desire of major investors for secure exposure to the blockchain industry’s growth. 

Disclaimer

Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article

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