Nomura Group’s Crypto Subsidiary Introduces a Bitcoin Fund

20/9/2023

Nomura Group's digital asset subsidiary has launched a Bitcoin fund in response to growing institutional demand for digital assets. The Laser Digital Bitcoin Adoption Fund offers institutional investors a cost-effective and secure way to gain exposure to Bitcoin. It utilizes the regulated custody solution, Komainu, to safeguard the fund's assets, which was co-founded by Nomura, Ledger, and Coinshares in 2018. Nomura Holdings aims to make its crypto unit, Laser Digital, profitable within two years to compete with traditional giants like JPMorgan and Goldman Sachs in the cryptocurrency space. Despite the recent crypto market downturn, Bitcoin's price has risen by nearly 45% in a year, reaching $27,232, though it faces challenges from regulatory uncertainty, especially from the U.S. SEC.

Resource: https://coingape.com/nomura-crypto-subsidiary-launches-bitcoin-fund/