Nomura's digital assets subsidiary, Laser Digital, launched a new tokenized investment vehicle on January 22. The Bitcoin Diversified Yield Fund SP aims for approximately 5% annual returns, in addition to the cryptocurrency's price performance. The fund's strategy combines long bitcoin exposure with market-neutral arbitrage, lending, and options trading. It builds on the firm's previous Bitcoin Adoption Fund launched in 2023 and is notable for being the first natively tokenized Cayman Islands bitcoin yield fund. Investors need a minimum subscription of $250,000 and must be accredited in eligible jurisdictions. Jez Mohideen, co-founder and CEO of Laser Digital, emphasized that the fund caters to the evolving landscape of decentralized finance (DeFi) and aims to meet the demands of both existing and new institutional investors. The firm currently manages around $250 million across various funds, including the Laser Digital Carry Fund and the Multi Strategy Fund. This launch follows a regulatory achievement in October, when Laser Digital received approval from Dubai’s Virtual Assets Regulatory Authority to tokenize a fund under its ARVA framework, specifically for the Laser Carry Fund.