Nomura's digital assets subsidiary, Laser Digital, has launched the Bitcoin Adoption Fund to promote the adoption of the cryptocurrency. This fund is designed exclusively for institutional investors and offers them a gateway into the world of Bitcoin.

Sebastien Guglietta, the Head of Laser Digital Asset Management, commented: "Technology is a key driver of global economic growth and is transforming a large part of the economy from analogue to digital. 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."

Nomura Targets Institutional Investors

Security is paramount when it comes to handling digital assets, especially for institutional investors, Nomura acknowledged. To ensure the safety of clients' assets, the Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Adoption Fund will entrust custody to Komainu, a joint venture that counts Nomura, Ledger, and CoinShares among its collaborators.

The launch of the Bitcoin Adoption Fund follows a significant milestone for both Laser Digital and Komainu. Last month, both entities secured an operating license from Dubai's Virtual Asset Regulatory Authority (VARA), granting them the approval to provide a diverse array of digital asset trading services and investment products.

The launch of Nomura's Bitcoin Adoption Fund aligns with the broader trend of regulated and mainstream financial institutions entering the Bitcoin investment space. Notably, the United States Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Commission has approved two Bitcoin-based futures ETFs, with ongoing discussions regarding spot Bitcoin ETFs. Beyond the U.S., both Canada and Europe have approved various Bitcoin-focused investment products in the past few years.

Laser Digital Expands Workforce

On top of that, Laser Digital expanded its workforce in accordance with its ambitions in the digital assets space. The company recently appointed Kevin Gillespie, a veteran in the field of forex sales. Gillespie, who has more than three decades of experience, assumed a pivotal role in forex distribution at Laser Digital.

Nomura is one of Japan's leading investment banks with assets exceeding $500 billion. Not long ago, the company made a significant foray into the world of cryptocurrencies. Nomura introduced Laser Digital in Switzerland in September last year, with a strategic focus on secondary trading, venture capital, and innovative investor products.

Headquartered in Tokyo, Nomura Holdings on August 1, 2023, unveiled remarkable financial results for the first quarter of the fiscal year ending March 31, 2024. The company attributes its exceptional performance to strategic initiatives and revenue diversification efforts. Net revenue reached an impressive JPY 348.9 billion ($2.4 billion), with pre-tax income at JPY 46.3 billion ($320 million). Additionally, the net income attributable to Nomura shareholders surged 29% year-over-year (YoY) to JPY 23.3 billion ($161 million).