Nomura’s Laser Digital Introduces Tokenized Bitcoin Yield Fund for Accredited Investors
Laser Digital, a digital asset division of Nomura, has unveiled the Bitcoin Diversified Yield Fund SP (BDYF). This fund enhances its 2023 Bitcoin Adoption Fund, aiming to provide excess returns over Bitcoin performance through market-neutral income strategies. It targets accredited investors outside the US.
- The BDYF is structured as a tokenized Cayman fund, issuing tokenized shares at the primary fund level.
- KAIO is the exclusive tokenization provider, with Komainu as the crypto custodian.
Investment Strategy
- BDYF focuses on carry-like opportunities in market-neutral arbitrage, lending markets, and options.
- The strategy maintains a long-only Bitcoin core position, aiming to generate income without directional leverage.
The fund is available for non-US professional and accredited investors with a minimum subscription of $250,000 or BTC equivalent. It expands Laser Digital's actively managed offerings, including the Laser Digital Carry Fund and Multi-Strategy Fund.
About Laser Digital
- Founded by Nomura Holdings in 2022, focusing on trading, venture, and asset management.
- Operates hubs in Switzerland, Dubai, Abu Dhabi, and Japan, targeting institutional on-chain finance participants.
Nomura Group, one of Japan's largest financial institutions, supports Laser Digital with its extensive global reach in wholesale and wealth platforms, catering to the growing demand for regulated crypto yield products.