Nomura’s digital assets subsidiary Laser Digital has launched the Bitcoin Diversified Yield Fund, one of the first natively tokenized Bitcoin yield funds, targeting excess returns of over 5% above Bitcoin performance. The fund is also available in conventional form.
The fund represents an evolution of Laser Digital’s Bitcoin Adoption Fund, which launched in 2023 before the approval of Bitcoin exchange traded funds (ETFs). While the original fund offered simple long only exposure, the upgraded structure combines long term Bitcoin holdings with income generation through market neutral arbitrage, lending and options strategies.
The fund is natively tokenized through KAIO, the platform formerly known as Libre Capital that Laser Digital co-founded as a joint venture with Alan Howard-backed WebN. Komainu, the digital asset custodian that Nomura co-founded in 2018 alongside Ledger and Coinshares, serves as the main custodian for the fund.
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