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Friday, 01 December 2023
Bitcoin promotion Fund launched by Japanese bank Nomura Bank worth $ 500 billion

Bitcoin promotion Fund launched by Japanese bank Nomura Bank worth $ 500 billion

Laser Digital Asset Management, the digital asset management subsidiary of Nomura, Japan's largest investment bank, has launched a fund to implement Bitcoins for institutional investors.The official announcement stated that the Bitcoin-based fund (BTC) will be the first in a series of investment decisions to adopt the digital technologies that the company plans to offer.Nomura is a Japanese financial giant with more than $ 500 billion in assets that provides brokerage services to leading institutional investors. The Bitcoin fund, launched by the digital assets division, now offers investors direct access to Bitcoin.Bitcoin's Laser Digital promotion Fund offers long-term access to Bitcoin. The financial giant has chosen Komainu as its regulated custody partner. The Bitcoin Fund is part of the separated portfolio company Laser Digital Funds A company that is registered as an investment fund according to the Cayman Islands regulatory Authority.Sebastien guglietta, head of Lazer Digital Asset Management, said that Bitcoin is one of the factors contributing to this long-term transformational change, and long-term access to Bitcoin provides investors with a solution to catch this macroeconomic trend.While Bitcoin's introductory fund is perhaps the first of its kind launched by Nomura and its digital asset unit, the Japanese investment banking giant has been investing in the digital asset ecosystem for some time. In September 2022, the company launched its venture capital division for digital assets to keep digital assets at the forefront of digital innovation. Previously, in August of this year, Nomura's crypto unit Laser Digital has also obtained a license from the Dubai Virtual Asset Regulatory Authority (VARA) to conduct activities in the country.A long-term fund to promote Bitcoin to investors in Japan has emerged amid a growing debate about regulated and bitcoin-based investment products from major financial giants. The US Securities and Exchange Commission has approved two Bitcoin Futures Funds (ETFs), although the decision on the spot Bitcoin ETF has been postponed. In addition to the US, Canada and Europe have also approved various investment products for October in recent years.Collect this article as NFT to preserve this moment in history and to show your support for independent journalism in the crypto space.Magazine: Elegant and Transitional: Jameson Lopp's first impression of Bitcoin

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