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A new Bitcoin move came from Nomura, one of Japan's largest investment banks.
In the statement, Nomura's digital assets subsidiary, Laser Digital Asset Management, announced that it has launched the Bitcoin Adoption Fund for institutional investors.
Laser Digital announced in its official statement today that it has launched the “Bitcoin Adoption Fund” for institutional investors.
It was stated that the Bitcoin fund launched by Laser Digital demonstrates the scope of crypto adoption in Japan.
While it was stated that the Bitcoin fund will help institutional investors access Bitcoin in a cost-effective and secure way, Sebastien Guglietta, president of Lazer Digital Asset Management, said:
“Technology is a key driver of global economic growth, transforming large parts of the economy from analogue to digital.
Bitcoin is one of the enablers of this long-term transformational change, and long-term exposure to Bitcoin offers investors a solution to capture this macro trend.
“Providing a seamless way for institutional investors to access the digital asset class, the fund will be the first in a range of digital adoption investment solutions that Laser Digital Asset Management will bring to market.”
*This is not investment advice.