Bitcoin

<ul> 
 <li>The Bitcoin fund exemplifies the broad spectrum of cryptocurrency use in Japan.</li> 
 <li>Nomura has warned that it may take Laser Digital longer than projected to turn a profit.</li> 
</ul> 
Nomura Digital Assets, a division of Japan’s largest investment bank, Nomura Group, has established a Bitcoin fund. It will provide large investors easier access to digital assets in the face of increased demand, and it is Nomura’s first investment solution for digital adoption. 
In a news release dated September 19, <a href="https://thenewscrypto.com/nomuras-crypto-joint-venture-receives-full-operating-license-in-dubai/" target="_blank" rel="noreferrer noopener">Nomura’s</a> digital asset management arm Laser Digital Asset Management announced the creation of the Bitcoin Adoption Fund targeting institutional investors. The <a href="https://thenewscrypto.com/bitcoin-bears-maintain-grip-despite-bulls-valiant-efforts/" target="_blank" rel="noreferrer noopener">Bitcoin</a> fund exemplifies the broad spectrum of cryptocurrency use in Japan. 
<h3 class="wp-block-heading" id="h-boosting-bitcoin-adoption">Boosting Bitcoin Adoption</h3> 
Institutional investors may benefit from the low-cost and safety of the Laser Digital Bitcoin Adoption Fund. To ensure the safety of the fund’s holdings, Laser employs Komainu, a regulated custody solution established in 2018 by Nomura, Ledger, and Coinshares. 
Fiona King, head of Laser Digital Asset Management, says the Bitcoin fund is very well-managed and compliant. The fund is a segregated portfolio under the mutual fund company Laser Digital Funds SPC. 
In two years, Nomura Holdings anticipated that its crypto division, <a href="https://www.laserdigital.com/" target="_blank" rel="noreferrer noopener nofollow">Laser Digital</a>, would begin to generate a profit. Amid the increased demand for Bitcoin and other cryptocurrencies, it contends with other conventional heavyweights like JPMorgan and Goldman Sachs. 
Although Laser Digital offers Bitcoin derivatives to its institutional customers, the prolonged bear market has affected the company’s plans. Because of the recent drop in the value of cryptocurrencies, Nomura has warned that it may take Laser Digital longer than projected to turn a profit. 
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Nomura Group Launches Bitcoin Fund for Institutional Investors

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