Nomura, a $500 billion financial giant in Japan, has entered the cryptocurrency market with its Bitcoin Adoption Fund.
This is the first of many digital adoption investment options that will be offered by Laser Digital Asset Management, a subsidiary of Nomura.
The fund gives institutional investors a secure way to invest in Bitcoin (BTC) without having to own the cryptocurrency directly.
The fund is part of Laser Digital Funds Segregated Portfolio Company, which provides “long-only exposure to Bitcoin”.
The fund targets a variety of institutional investors, such as pension funds, endowments, and family offices, who are interested in cryptocurrencies.
The launch of the Bitcoin Adoption Fund reflects the growing demand for Bitcoin among institutional investors.
It also marks a major step towards the mainstream adoption of cryptocurrencies.
Nomura has been actively expanding its presence in the cryptocurrency market with various initiatives.