Nomura Laser Digital's New Strategy: Understanding Bitcoin Exposure and Launching a Revenue-Focused Fund

Institutional investors’ investment needs are evolving. Beyond simply tracking Bitcoin prices, there is a growing demand for creating stable income sources. In response to this market demand, Nomura Group’s digital asset division, Laser Digital, is deploying innovative approaches. The very definition of “exposure” in blockchain-based investment products is about to change.

The Evolution of Bitcoin Exposure Sought by Institutional Investors

Laser Digital is preparing a new product called the Bitcoin Distributed Yield Fund (BDYF). The biggest difference from traditional long-only funds is that it focuses not just on expectations of price appreciation but on generating yields through multiple strategies.

The reason this new fund is attracting attention is due to market conditions where institutional investors are seeking more than conventional investment products. According to Cointelegraph reports, interest in tokenized yield-oriented investment structures is significantly increasing, and Laser Digital developed this fund to meet such market needs.

While maintaining exposure to Bitcoin and generating additional income, the mechanism goes beyond merely mitigating price fluctuation risks. This shift symbolizes a move away from the simple paradigm of “holding Bitcoin = expecting price increases” toward “combining with diversified revenue strategies.”

Transition from Traditional Funds: Yield Generation through Multiple Strategies

The management team at Laser Digital emphasizes the importance of strategic approaches in the current market environment. Co-founder and CEO Jes Moghaddam states that the new fund will enable holding Bitcoin assets while leveraging the next stage of decentralized finance (DeFi).

In 2023, the company launched a previous Bitcoin adoption fund that only provided exposure with a directional bias toward Bitcoin. In contrast, the new fund has been upgraded to include yield-generating features, moving from mere tracking to proactive revenue creation.

This actively managed fund will utilize Kaio as an exclusive tokenization provider and CoMaine as the primary custodian, and it is planned to be offered to institutional and accredited investors. The design philosophy is not to replace direct Bitcoin holdings but to complement them and generate additional yields.

Next-Generation Approach Using Market-Neutral Strategies and DeFi

The core of the new fund is a “market-neutral strategy.” According to a Laser Digital spokesperson, the goal is to combine Bitcoin exposure with returns generated from market-neutral strategies.

Even in highly volatile market conditions, this approach minimizes the impact of volatility and limits correlation with overall crypto market movements. A market-neutral fund based on calculated DeFi strategies that generate yields is positioned as a natural evolution in crypto asset management.

As Jes Moghaddam emphasizes, this approach marks a clear shift away from investment philosophies relying solely on traditional price indicators. In highly volatile markets, it suggests that institutional investors are entering an era where they question the quality of exposure itself. Maintaining exposure to Bitcoin while diversifying returns from the underlying assets is becoming a new standard in next-generation fund design.