Nomura-backed cryptocurrency trading company Laser Digital has introduced a bitcoin BTC$89,931.57 Diversified yield fund intended to provide long-term holders of the largest cryptocurrency with a return on their assets via carry trading strategies and market-neutral arbitrage, lending and options.
Operating under the auspices of Laser Digital’s asset management arm, the fund will be the first natively tokenized bitcoin yield fund, produced through tokenization specialists KAIO (formerly Libre Capital), the company announced in a press release on Thursday.
The fund is an upgrade to Laser’s Bitcoin Adoption Fund launched in 2023 and will be held by Komainu, a joint venture between Nomura, digital asset manager CoinShares and digital asset security firm Ledger.
Only certain qualified investors in eligible jurisdictions (excluding the United States) will be able to invest, with a minimum subscription amount of $250,000 or BTC-equivalent, said Laser Digital.
The fund targets long-term bitcoin holders, aiming to deliver excess net returns of more than 5% over BTC Performance in different market regimes over rolling 12 months, according to a press release.
“Recent market volatility has shown that market-neutral and yield-bearing funds rely on calculated DeFi. [decentralized finance] The strategies are the natural evolution of crypto asset management,” Jez Mohideen, co-founder and CEO of Laser Digital, said in a statement.
