Laser Digital launches Bitcoin Adoption Fund for institutional investors By

Published Sep 19, 2023 05:34AM ET

Laser Digital Asset Management, a subsidiary of Nomura, announced the launch of their Bitcoin Adoption Fund on Tuesday. The fund aims to provide a cost-effective and secure investment solution for institutional investors seeking long-only exposure to Bitcoin. This is the first of many digital adoption investment solutions that Laser Digital Asset Management plans to introduce to the market.

The Bitcoin Adoption Fund is part of Laser Digital Funds SPC, a Segregated Portfolio Company registered as a mutual fund pursuant to section 4(3) of the Mutual Funds Act with CIMA (Cayman Islands Regulatory Authority). To ensure the security of the fund’s assets, Laser will rely on Komainu, a regulated custody solution for institutional digital asset investors founded in 2018 by Nomura, Ledger, and Coinshares.

Laser Digital Asset Management is led by Sebastien Guglietta, who previously held the position of Nomura’s Chief Scientist Officer and was a Portfolio Manager and Senior Scientist at Brevan Howard. Fiona King, former Managing Director and Global Head of Institutional Business at Nickel Digital Asset Management and responsible for Bank of America Merrill Lynch (NYSE:BAC)’s UCITS alternative platform, joined Laser as Head of Distribution.

Upon launching the fund, Guglietta expressed his belief in technology as a key driver of global economic growth. He stated, “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.” Fiona King added that the new fund provides institutional investors with a secure path into digital asset investment backed by established finance, with high levels of risk management and compliance.

Laser Digital was co-founded by Steven Ashley, former leader of Nomura’s wholesale division, and Jez Mohideen, Nomura’s ex-Chief Digital Officer and Co-Head of Global Markets EMEA. The company, based in Switzerland, combines the rigor and best practices of global investment banking with the experience of a crypto-native team.

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