Nomura’s crypto arm debuts tokenized Bitcoin fund targeting excess returns

Laser Digital Asset Management, the digital asset arm of Nomura, Japan’s largest investment bank, announced today the launch of Bitcoin Diversified Yield Fund SP, a tokenized investment fund aimed at delivering returns in excess of Bitcoin’s price performance.

Designed for institutional and accredited investors, the fund combines long-only Bitcoin exposure with arbitrage, lending, and options strategies to generate sustainable yield.

It is billed as the world’s first natively tokenized Bitcoin yield fund, issued through KAIO with custody provided by Komainu, a regulated digital asset custody platform backed by Nomura.

The fund, which represents an upgrade to Laser Digital’s Bitcoin Adoption Fund, is open only to non-US investors, with a minimum investment of $250,000 or BTC equivalent.

Discussing the launch, Jez Mohideen, co-founder and CEO of Laser Digital, stated that calculated DeFi-based strategies are becoming an increasingly important component of crypto asset management, with the new fund reflecting the firm’s early entry into the space and its focus on institutional-grade solutions.

“The launch of Laser Digital’s upgraded Bitcoin fund allows us to maintain our position and capitalize on the next phase of DeFi, while servicing the needs of Bitcoin holders as well as existing and new institutional investors entering the market,” Mohideen said.

Sebastien Guglietta, Head of Laser Digital Asset Management, noted that the fund is aimed at addressing investor demand for yield-generating strategies that complement Bitcoin’s role as a long-term store of value.

“Bitcoin – a store of capital, is decentralized hard money backed by energy, like gold. But unlike fiat currencies or stablecoins, it doesn’t provide a yield. Our fund strategy addresses this by seeking to offer a sustainable yield for long-term Bitcoin holders,” Guglietta stated.