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

Laser Digital Asset Management, the digital asset subsidiary of Japan's largest investment bank Nomura, has launched the Bitcoin Diversified Yield Fund SP. This fund is described as the world's first natively tokenized Bitcoin yield fund, issued via KAIO with custody by Nomura-backed Komainu. Designed for institutional and accredited non-US investors with a minimum investment of $250,000, the fund aims to generate returns in excess of Bitcoin's price performance by blending long-only Bitcoin exposure with strategies like arbitrage, lending, and options. Jez Mohideen, CEO of Laser Digital, highlighted that the fund capitalizes on the next phase of Decentralized Finance (DeFi) and addresses the need for yield generation for Bitcoin holders, as Bitcoin itself does not inherently provide yield.

(Source：Crypto Briefing)