Laser Digital Ethereum Adoption Fund Now Launched For Institutional Investors
Key Points:
- Laser Digital introduces an Ethereum Adoption Fund for institutional investors.
- Laser Digital Ethereum Adoption Fund’s unique strategy combines long-only Ethereum spot positions with staking.
- Komainu offers secure custody services for the fund, addressing growing institutional interest in Ethereum.
Laser Digital, a subsidiary of Nomura, has unveiled its Ethereum Adoption Fund, targeting institutional investors keen on the world’s second-largest cryptocurrency. This follows the launch of their Bitcoin fund in September.
Laser Digital Ethereum Adoption Fund Launched for Institutional Investors
Laser Digital Ethereum Adoption Fund focuses on long-only spot positions in Ethereum and employs a yield enhancement strategy by staking the Ethereum held within the fund. It’s the latest addition to Laser Digital Asset Management’s digital adoption investment solutions, which began with the Bitcoin Adoption Fund.
This fund, known as the ‘Laser Digital Ethereum Adoption Fund SP,’ is a segregated portfolio of Laser Digital Funds SPC, offering secure custody services through Komainu, a trusted digital asset custodian regulated by the UK Financial Conduct Authority and the Virtual Asset Regulatory Authority in Dubai.
Sebastian Guglietta, formerly Nomura’s Chief Scientist Officer, heads Laser Digital Asset Management, bringing over 25 years of experience in systematic investment strategies and derivatives. Fiona King, Head of Distribution, has joined Nickel Digital Asset Management and Bank of America Merrill Lynch.
Innovative Strategy and Secure Custody
Unique to this fund is its utilization of the Ethereum staking process, generating additional income through transaction validation and network security facilitation. This approach allows investors to tap into Ethereum’s potential beyond traditional spot positions.
As institutional interest in cryptocurrencies, especially Ethereum, surges, the Laser Digital Ethereum Adoption Fund aims to provide tailored solutions for navigating the cryptocurrency market’s complexities. The partnership with Komainu enhances custody security and bolsters investor confidence.
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