Nomura’s crypto arm Laser Digital has rolled out a new tokenized Bitcoin fund that targets yield on top of spot price performance, stepping up competition in institutional crypto products.

The strategy aims to turn long-term Bitcoin holdings into an income-generating position by combining core exposure with actively managed, market-neutral trades.

Dubbed Bitcoin Diversified Yield Fund SP (BDYF), the new offering is an upgrade to the firm's Bitcoin Adoption Fund introduced in 2023, before the arrival of spot Bitcoin ETFs.

The earlier vehicle offered straightforward directional exposure, while the new fund seeks to add an income layer to the same underlying asset.

Laser Digital Upgrades Bitcoin Offering

The firm positions BDYF as a long-term, long-only Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term fund that also deploys diversified market-neutral strategies to generate yield as a stream of income.

Laser Digital describes the launch as a response to rising demand from institutions for tokenized, yield-driven structures rather than simple “vanilla” BTC products.

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“Recent market volatility has shown that yield-bearing, market neutral funds built on calculated DeFi strategies are the natural evolution of crypto asset management,” commented Jez Mohideen, Co-founder and CEO of Laser Digital.

“As an early entrant to this space, the launch of Laser Digital’s upgraded Bitcoin fund allows us to maintain our position and capitalize on the next phase of DeFi, while servicing the needs of Bitcoin holders as well as existing and new institutional investors entering the market.” 

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The Bitcoin Diversified Yield Fund targets “excess returns” over and above Bitcoin’s price by monetizing carry-like opportunities in digital asset markets.

Tokenization Tokenization Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen Read this Term platform Kaio will serve as the exclusive provider for the structure, while crypto custody firm Komainu will act as the main custodian, reflecting Laser Digital’s focus on using regulated, institutional-grade service providers.

Management: ‘Natural Evolution’ of Crypto Funds

Laser Digital’s executives link the product directly to recent volatility and the development of decentralized finance strategies.

BDYF is open only to certain accredited investors in eligible non-US jurisdictions, with a minimum subscription of 250,000 US dollars, payable in USD or the Bitcoin equivalent.

Laat year, Nomura announced plans to launch the first exchange-traded funds to be cross-listed between Japan and Taiwan. The products aim to give Japanese investors access to Taiwanese assets and Taiwanese investors can access Japanese assets.

​Additionally, the cross-listings also sought to expand diversification options for investors and strengthening financial links between the two regional hubs.