Quick take:
- The fund is an upgrade of Laser’s 2023-launched Bitcoin Adoption Fund and targets 5% returns on top of Spot BTC performance.
- It seeks to actively monetize carry-like investment opportunities across market-neutral arbitrages, lending, and options.
- The fund requires a minimum subscription amount of $250,000 or BTC-equivalent, and is only eligible to certain accredited investors in eligible jurisdictions, outside of the U.S.
Nomura-Backed Laser Digital has launched the Laser Digital Bitcoin Diversified Yield Fund SP, the first tokenized Bitcoin yield-bearing fund through KAIO (formerly Libre Capital), with Komainu as custodian.
The fund is an upgrade of Laser’s 2023-launched Bitcoin Adoption Fund and targets 5% returns on top of Spot BTC performance over 12 months, recurring. According to the announcement on Thursday, the fund seeks to actively monetize carry-like investment opportunities across market-neutral arbitrages, lending, and options.
“Recent market volatility has shown that yield-bearing, market-neutral funds built on calculated DeFi strategies are the natural evolution of crypto asset management,” Jez Mohideen, co-founder and CEO of Laser Digital, said in a statement.
The fund targets long-term bitcoin holders with a minimum subscription amount of $250,000 or BTC-equivalent. It is only eligible to certain accredited investors in eligible jurisdictions, outside of the U.S.
Laser Digital is Nomura’s digital asset arm, offering institutional services in trading, asset management, and ventures, with emphasis on institutional-grade risk management and compliance.
According to a statement on the Laser Digital website, the Laser Digital Bitcoin Diversified Yield Fund dopts rigorous safeguarding arrangements through regulated custodians for off-exchange collateral custody as well as strict live risk management controls, and is offered in both traditional and tokenised formats.
Stay on top of things:
Subscribe to our newsletter using this link – we won’t spam!
