Nomura’s digital asset unit Laser Digital is launching a new yield-focused bitcoin investment product, Cointelegraph reported on Jan. 22.
The company said the BDYF (Bitcoin Diversified Yield Fund) differs from existing long-only bitcoin funds by seeking to maximise returns through various strategies while maintaining bitcoin holdings.
It also differs from the Bitcoin Adoption Fund launched in 2023. The earlier fund relied only on rising bitcoin prices, while the new product is designed to generate additional returns through market-neutral strategies.
Tokenisation platform Kaio will handle the fund’s tokenisation, and cryptocurrency custody platform Komainu will participate as the main custodian. The fund will be available only to institutions and accredited investors.
Laser Digital CEO Jez Mohideen (제즈 모히딘) said investors are showing interest in income-generating strategies rather than simple price gains as recent market volatility has increased. He added the fund was designed to maintain bitcoin holdings while seeking new income opportunities in the decentralised finance (DeFi) market.
Chi-gyu Hwang
delight@d-today.co.kr