Laser Digital, crypto broker and investment service provider, a subsidiary of Japanese Nomura regulated in UAE by Dubai’s virtual asset regulatory authority, has launched their Ethereum Adoption Fund. The Fund, which invests in long-only spot positions in Ethereum, also deploys a yield enhancement strategy by staking the Ethereum held by the fund.

Prior to this Laser Digital Asset Management launched in September, the Bitcoin Adoption Fund.

The ‘Laser Digital Ethereum Adoption Fund SP’ is a segregated portfolio of Laser Digital Funds SPC (a segregated portfolio company incorporated with limited liability under the laws of the Cayman Islands under registration number MC-401019).

Komainu, also regulated in UAE and UK will provide secure, regulated custody for the fund’s assets.

On launching the fund, Sebastien Guglietta, Head of Laser Digital Asset Management commented, “Technology is a key driver of economic growth and transforms a large part of the economy from being analogue to digital. Ethereum is one of the enablers of this long-lasting transformational change. Hence, being exposed to Ethereum in the long run is considered a solution to capture this structural technology trend and the pace at which the Web 3.0 economy expands its network effect.”

 Fiona King, Head of Distribution, Laser Digital Asset Management added: “We’re excited to now be able to offer institutional investors a regulated product to allow investment and even staking in Ethereum. Our product simplifies digital asset investment strategies, driving institutional engagement securely.”

Laser Digital was launched by Nomura and was co-founded by Steven Ashley, who previously led Nomura’s wholesale division and Jez Mohideen, who was Nomura’s Chief Digital Officer and Co-Head of Global Markets EMEA. Headquartered in Switzerland, Laser Digital combines the rigor, best practices, and capabilities from global investment banking with the experience of a crypto-native team.

UAE regulated virtual asset broker dealer and investment management services, Laser Digital, a subsidiary of Nomura has launched their Bitcoin Adoption Fund.

The fund, which provides a seamless way for institutional investors to access the digital asset class, will be the first in a range of digital adoption investment solutions that Laser Digital Asset Management will bring to the market.

The Laser Digital Bitcoin Adoption Fund, provides long-onlyexposure to Bitcoin whilst being one of the most cost effective and secure investment solutions.

To secure the fund’s assets, Laser will use Komainu, which was founded in 2018 by Nomura, Ledger and Coinshares and delivers a regulated custody solution for institutional digital asset investors. The Fund is a segregated portfolio part of Laser Digital Funds SPC, aSegregated Portfolio Company registered asa mutual fund pursuant to section 4(3) of the Mutual Funds Actwith CIMA (Cayman Islands Regulatory Authority).

On launching the fund, Sebastien Guglietta, 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 thislong-lastingtransformational change andlong-termexposure to Bitcoin offers a solution to investors to capture this macro trend.”

Fiona King, Head of Distribution, Laser Digital Asset Management added: “We’re delighted to now launch our Bitcoin adoption fund, which allows institutional investors a secure path into digital asset investment that is backed by established finance, with the highest levels of risk management and compliance.”

Laser Digital was launchedby Nomura and was co-founded by Steven Ashley, who previously led Nomura’s wholesale division and Jez Mohideen, who was Nomura’s Chief Digital Officer andCo-Headof Global Markets EMEA. Headquartered in Switzerland, Laser Digital combines the rigor, best practices, and capabilities from global investment banking with the experience of a crypto-native team.