Laser Digital, a cryptocurrency company affiliated with Nomura, has established an Ethereum fund for institutional investors.
Laser Digital’s fund for the leading altcoin will invest exclusively in long positions in the spot market and will additionally invest in long positions on the Ethereum network. income from staking will provide.
Laser Digital established a fund for Bitcoin (BTC) in September. The company’s founder, Steven Ashley, told the FT:
“The two major cryptocurrencies, Bitcoin and Ethereum, take up the majority of transaction volume. “Our Ethereum fund appeals to investors focused on the building blocks of the Web3 ecosystem.”
Founded by Nomura in September 2022, Laser Digital is headquartered in Switzerland. The company’s CEO is Jez Mohideen, former CDO of Nomura.
According to Sebastian Guglietta, who runs Laser Digital’s asset management department, investing in Ethereum offers a way to “catch up with this structural technology trend” in the long term.
Ethereums in Laser Digital’s fund will be stored by Komainu, which was founded in 2018 in partnership with Nomura, Ledger and CoinShares.