Nomura’s Laser Digital adds tokenized bitcoin yield fund targeting around 5% returns

Laser Digital, the digital assets subsidiary of Nomura, introduced the Bitcoin Diversified Yield Fund SP on January 22, a new tokenized investment vehicle designed to generate yield from bitcoin holdings. The fund targets approximately 5% annual returns on top of bitcoin's price performance by combining long bitcoin exposure with market-neutral arbitrage, lending, and options trading strategies. This fund is an upgrade to the firm's 2023 Bitcoin Adoption Fund and is structured as the first natively tokenized Cayman Islands bitcoin yield fund, utilizing KAIO for tokenization and Komainu for custody. It requires a minimum subscription of $250,000 for accredited investors in eligible jurisdictions. Jez Mohideen, CEO of Laser Digital, stated the launch allows the firm to capitalize on the next phase of DeFi and service institutional investors. This move follows Laser Digital's regulatory milestone in October when it received in-principle approval from Dubai's VARA to tokenize a fund under its ARVA framework.

(Source：The Block)