Laser Digital, a subsidiary of Nomura, has launched the Bitcoin Diversified Yield Fund SP (BDYF) for institutional and eligible accredited investors.
Launched as an upgrade to the Bitcoin Adoption Fund introduced in 2023, the fund is the first natively tokenised, Cayman-based Bitcoin yield fund.
“Recent market volatility has shown that yield-bearing, market neutral funds built on calculated DeFi strategies are the natural evolution of crypto asset management,” said Jez Mohideen, co-founder and chief executive 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 capitalise on the next phase of DeFi.”
The new fund aims to generate returns by actively capturing carry-like opportunities across market-neutral arbitrage, lending, and options strategies.
BDYF relies on tier-1 regulated service providers, with KAIO acting as the exclusive tokenisation provider and Komainu serving as the fund’s main custodian.
“Bitcoin, a store of capital, is decentralised hard money backed by energy, like gold. But unlike fiat currencies or stablecoins, it doesn’t provide a yield,” added Sebastien Guglietta, head of Laser Digital Asset Management.
“Our fund strategy addresses this by seeking to offer a sustainable yield for long-term Bitcoin holders.”
