Nomura Securities' trading subsidiary launches a tokenized Bitcoin fund, with arbitrage strategies targeting excess returns

LiquiditySurfer · 2026-01-22T09:40:11+00:00

Laser Digital, a subsidiary of Nomura Securities, has launched a tokenized Bitcoin yield fund aimed at generating additional returns for long-term holders through various strategies, with a target to outperform Bitcoin spot net returns by more than 5%. The fund is only available to qualified investors outside the United States, with a minimum subscription of $250,000, positioning itself as an institutional product.

LiquiditySurfer

2026-01-22 09:40:11

Abstract generation in progress

【Crypto World】Large-scale investment actions are happening frequently. Nomura Securities’ affiliated crypto trading division Laser Digital has just launched a tokenized Bitcoin yield fund, which is a relatively new attempt among traditional institutions participating in the crypto market.

The logic of this fund is quite clear—by combining various strategies such as market-neutral arbitrage, lending, and options, it aims to generate additional returns for long-term holders. The goal is quite specific: to achieve a net profit of more than 5% over the Bitcoin spot performance within a 12-month rolling cycle.

The technical collaboration is also well-matched. The fund is managed by the tokenization specialist KAIO, responsible for native tokenization processing, while custody is handled by Komainu—a custody institution jointly created by Nomura, CoinShares, and Ledger. From the perspective of institutional backing, the combination is quite solid.

However, the entry barrier is relatively high. The product is only open to qualified investors outside the U.S., with a minimum subscription amount of $250,000 or an equivalent amount of Bitcoin. This means retail investors are basically out of the picture, making it a typical institutional-grade product.

BTC-0.04%

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TokenSleuth

· 23h ago

Nomura's move is quite interesting, but a 5% net profit sounds a bit conservative.

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DefiVeteran

· 01-22 10:10

It's those old guys from Nomura causing trouble again, and now they're into tokenization? A 5% annualized return sounds nice, but have you actually received it?

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OfflineValidator

· 01-22 10:07

Nomura's approach here is clear—I think they just want to use the traditional finance model to funnel money into the crypto space. A 5% arbitrage sounds good, but it's not particularly impressive. These days, just beating spot prices is already a win. With such a high barrier to entry, who can play? It's another game designed for institutional bigwigs. They are indeed putting effort into compliant custody—what are they afraid of? Still worried about frozen assets. Is tokenized funds really the future? It still feels like they're in the testing phase.

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TopBuyerBottomSeller

· 01-22 09:56

Nomura's move this time is quite interesting; a combination of tokenization and arbitrage, but the threshold is really high haha

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