UAE-Based Laser Digital Introduces Fund to Support Ethereum Adoption

Laser Digital, a digital assets subsidiary of Nomura, is excited to announce the introduction of the Ethereum Adoption Fund today. This fund primarily focuses on long-only spot positions in Ethereum and employs a strategy for enhancing yields through staking the Ethereum assets within the fund. It represents the second installment in a series of digital adoption investment solutions initiated by Laser Digital Asset Management, which began its journey in September with the launch of the Laser Digital Bitcoin Adoption Fund.

The 'Laser Digital Ethereum Adoption Fund SP' is a dedicated portfolio within Laser Digital Funds SPC, a segregated portfolio company established with limited liability under the legal framework of the Cayman Islands, registered under the identification number MC-401019. To ensure secure and regulated custody of the fund's assets, Komainu, regulated by the UK Financial Conduct Authority and the Virtual Asset Regulatory Authority in Dubai, plays a crucial role.

Laser Digital Asset Management is under the leadership of Sebastian Guglietta, formerly Nomura's Chief Scientist Officer, with over 25 years of experience in systematic investment strategies, derivatives, and macro trading. Fiona King, Head of Distribution, brings her expertise from Nickel Digital Asset Management, where she held the position of Managing Director and Global Head of Institutional Business, and she also has a background at Bank of America Merrill Lynch, where she was responsible for their UCITS alternative platform.