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Nomura's Laser Digital Launches Bitcoin Adoption Fund

Laser Digital Asset Management unveils its Bitcoin Adoption Fund, offering institutional investors a secure pathway to digital asset investment.
Published on 2023-09-19

Introduction to the Bitcoin Adoption Fund

Nomura's subsidiary, Laser Digital Asset Management, has introduced the Bitcoin Adoption Fund, targeting institutional investors. The fund provides a cost-effective and secure solution for those seeking long-only exposure to Bitcoin, marking the beginning of a series of digital adoption investment solutions by the firm.

Fund Structure and Security

The Bitcoin Adoption Fund operates under Laser Digital Funds SPC, a Segregated Portfolio Company registered under the Mutual Funds Act with the Cayman Islands Regulatory Authority. To safeguard the fund's assets, Laser collaborates with Komainu, a regulated custody service established by Nomura, Ledger, and Coinshares.

Leadership and Expertise

Laser Digital Asset Management is led by Sebastien Guglietta, who brings extensive experience from prior roles at Nomura and Brevan Howard. Fiona King, with her background at Nickel Digital Asset Management and Bank of America Merrill Lynch, serves as the Head of Distribution, enhancing the company's strategic reach.

Vision and Market Impact

Guglietta emphasizes technology's role in driving economic growth, viewing Bitcoin as a crucial element of this transformation. The fund offers a secure investment avenue into digital assets for institutional investors, backed by rigorous risk management and compliance measures. Fiona King highlights the fund's alignment with established financial standards, providing a reliable entry into digital asset investments.

Company's Formation and Approach

Laser Digital was co-founded by Steven Ashley and Jez Mohideen, bringing together the precision of global investment banking and the insights of a crypto-native team. Based in Switzerland, the company aims to merge traditional financial best practices with innovative digital asset strategies.

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