Laser Digital launches tokenized Bitcoin Fund from UAE

The Asset Management arm of Nomura’s digital assets subsidiary, Laser Digital, has launched its upgraded tokenized Bitcoin-based Fund for institutional and eligible accredited investors. The Bitcoin Diversified Yield Fund SP (“BDYF” or the “Fund”) combines growth and income strategies to generate a stream of excess returns on top of Bitcoin performance.

As per the press release it is launched as an upgrade to the existing Bitcoin Adoption Fund, it is the first of its kind natively tokenized Cayman BTC yield fund. Structurally, it is designed to offer a long-term, long-only exposure to Bitcoin, combined with, among others, diversified market-neutral strategies generating a yield as a stream of income.

Back in October 2025, Laser Digital, received in-principle approval from Dubai’s VARA to tokenize its global flagship Laser Carry Fund (LCF), on KAIO blockchain, under the regulator’s pilot ARVA Framework, and will be available to institutional investors who meet VARA’s eligibility requirements.

KAIO is acting as tokenization provider while Komainu continues to act as main custodian of the fund.

On the launch of the Fund, Jez Mohideen, Co-founder and CEO of Laser Digital, said, “Recent market volatility has shown that yield-bearing, market neutral funds built on calculated DeFi strategies are the natural evolution of crypto asset management. As an early entrant to this space, the launch of Laser Digital’s upgraded Bitcoin fund allows us to maintain our position and capitalise on the next phase of DeFi, while servicing the needs of Bitcoin holders as well as existing and new institutional investors entering the market.” 

Sebastien Guglietta, Head of Laser Digital Asset Management, added, that Bitcoin as a store of capital, is a decentralized hard money backed by energy like gold. He notes, ” Unlike Fiat currencies or stablecoins, it doesn’t provide a yield, but our fund strategy addresses this by seeking to offer a sustainable yield for long term Bitcoin holders.

The Bitcoin Diversified Yield Fund is among the actively managed funds by Laser Digital Asset Management, with the others being the Laser Digital Carry Fund (LCF) and the Multi Strategy Fund (MSF).

It is for non-USA accredited investors only, with a minimum subscription of $250,000 in USD or BTC equivalent.

This comes three years after Laser Digital launched their Bitcoin Adoption Fund, which offered exposure to Bitcoin. It also used Komainu as custodian. Today they have added Kaio for tokenization.