Summary
- Laser Digital said it has launched the Bitcoin Diversified Yield Fund (BDYF) targeting institutional investors.
- It said the fund is designed to maintain Bitcoin exposure while generating additional income through a range of management strategies.
- Laser Digital’s CEO said demand remains strong for strategies that seek returns regardless of price swings amid market volatility.
Laser Digital, Nomura Securities’ digital-assets subsidiary, has rolled out a new Bitcoin fund aimed at institutional investors, with a focus on enhancing returns.
According to Cointelegraph on the 22nd (local time), Laser Digital officially announced the launch of the “Bitcoin Diversified Yield Fund (BDYF).”
The fund is differentiated from existing products that only track gains in Bitcoin’s spot price. Laser Digital said it was “designed to maintain exposure to Bitcoin while generating additional income by incorporating a range of management strategies.”
Jez Mohideen, CEO of Laser Digital, said “recent market volatility shows that yield-oriented funds based on calculated decentralized finance (DeFi) strategies are a natural evolution in digital-asset management,” adding that “there is strong demand for strategies that seek returns regardless of price swings.”
Tokenization of the fund will be handled by platform company KAIKO, while custody will be provided by Komainu, a joint venture established by Nomura, Ledger and CoinShares.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
