Japan’s Nomura Holdings’ digital assets unit Laser Digital has launched a tokenised fund to generate yield from bitcoin investments.
The Diversified Yield Fund targets annual returns of 5% on top of the cryptocurrency’s price performance.
The minimum subscription is US$250,000. The fund is only open to accredited investors.
“The fund’s strategy combines long bitcoin exposure with market-neutral arbitrage, lending, and options trading to produce income,” Laser Digital says in a statement on January 23.
The fund is structured as an upgrade to the firm’s Bitcoin Adoption Fund. Launched in 2023, it was the first tokenised Cayman Islands-domiciled bitcoin yield fund.
According to Jez Mohideen, co-founder and chief executive officer of Laser Digital, the new fund allows the firm to “maintain our position and capitalise on the next phase of decentralised finance, while servicing the needs of bitcoin holders as well as existing and new institutional investors entering the market”.
