Laser Digital Launches Ethereum Adoption Fund

Nomura’s Laser Digital has increased its product set in digital assets by unveiling its Ethereum Adoption Fund, which invests in long-only spot positions in Ethereum and deploys a yield enhancement strategy by staking the Ethereum held by the fund.

The firm launched a similar Bitcoin-focused fund in September and says the Ethereum version is a segregated portfolio of Laser Digital Funds SPC (a segregated portfolio company in the Cayman Islands). Komainu, which is regulated by the UK Financial Conduct Authority and the Virtual Asset Regulatory Authority in Dubai, will provide custody for the fund’s assets.

“Technology is a key driver of economic growth and transforms a large part of the economy from being analogue to digital,” says Sebastian Guglietta, head of Laser Digital Asset Management. “Ethereum is one of the enablers of this long-lasting transformational change. Hence, being exposed to Ethereum in the long run is considered a solution to capture this structural technology trend and the pace at which the Web 3.0 economy expands its network effect.”

Fiona King, head of distribution, Laser Digital Asset Management adds, “Our product simplifies digital asset investment strategies, driving institutional engagement securely.”