The fund targets institutional investors seeking returns beyond traditional long-only, “vanilla” Bitcoin exposure. The digital asset arm of Nomura is launching a new yield-focused Bitcoin investment product, as asset managers look to offer institutional investors returns beyond simple price exposure. Laser Digital is launching the Bitcoin Diversified Yield Fund (BDYF) to address a growing market demand for tokenized yield-driven funds over “vanilla long-only funds,” according to a Thursday announcement shared with Cointelegraph. Unlike traditional long-only Bitcoin (BTC) funds, the new product seeks to produce income by deploying diversified strategies intended to generate yield while maintaining exposure to Bitcoin, according to Laser Digital. Read more
Nomura subsidiary Laser Digital confirmed to Cointelegraph that it is in talks with Japan’s FSA to apply for a crypto trading license, eyeing the country’s institutional investors. Financial services holding company Nomura Holdings is preparing to expand into Japan’s cryptocurrency market through its Switzerland-based subsidiary, Laser Digital Holdings. A Laser Digital spokesperson confirmed Friday that the unit is in pre-consultation talks with Japan’s Financial Services Agency (FSA) and intends to apply for a license to offer crypto trading services to institutional investors in the country. However, the spokesperson told Cointelegraph that the application date remains “undetermined,” and will depend on the outcome of the discussions with the FSA. Read more
Nomura’s crypto arm gains regulatory green light in Dubai to offer institutional OTC crypto options, expanding the UAE’s footprint in global digital derivatives. Laser Digital, the digital asset subsidiary of Japan’s investment bank Nomura, has become the first company licensed under Dubai’s Virtual Asset Regulatory Authority (VARA) pilot framework to offer regulated over-the-counter (OTC) crypto options. The “limited license” will allow Laser Digital to offer OTC crypto options to institutional clients under strict oversight, the company said Wednesday. OTC desks allow institutions to trade large volumes of digital assets directly with counterparties, minimizing slippage and enabling more flexible pricing. These desks are typically used by hedge funds, asset managers, trading firms and other high-volume and institutional clients. Read more