Laser Digital Launches Tokenized Bitcoin Yield Fund for Institutions

TLDR

• Laser Digital has launched the world’s first natively tokenized Bitcoin yield fund.
• The new Bitcoin Diversified Yield Fund SP targets institutional and accredited investors.
• The fund combines long-term Bitcoin exposure with income-generating, market-neutral strategies.
• It aims to deliver more than 5% excess returns over Bitcoin’s performance across rolling 12-month periods.
• Tokenization is handled by KAIO, with Komainu serving as the fund’s main custodian.

Nomura’s crypto subsidiary, Laser Digital, has launched a tokenized Bitcoin yield strategy targeting institutional and accredited investors. The newly introduced Bitcoin Diversified Yield Fund SP (BDYF) combines Bitcoin exposure with market-neutral strategies designed to generate income. The fund aims to provide more than 5% excess returns over Bitcoin’s performance across rolling 12-month periods, depending on market conditions.

World’s First Natively Tokenized Bitcoin Yield Fund

Laser Digital’s new fund is positioned as the world’s first natively tokenized Bitcoin yield fund domiciled in the Cayman Islands. The fund combines long-term, long-only Bitcoin exposure with income-generating, market-neutral strategies such as arbitrage, lending, and options. Unlike traditional tokenized structures that rely on feeder funds, the fund directly issues tokenized shares at the main fund level.

KAIO handles the tokenization of the fund, while Komainu serves as the main custodian. The structure allows for in-kind contributions and atomic settlement, making fund administration more efficient. Investors can have on-chain ownership alongside traditional share classes, offering increased liquidity and transparency.

A Strategy for Long-Term Bitcoin Holders

The BDYF is designed for long-term Bitcoin holders, including digital-asset treasury entities and traditional institutions. The fund provides a way to generate income without sacrificing Bitcoin’s upside potential. By incorporating market-neutral strategies, it aims to provide sustainable returns even during volatile market conditions.

The fund is structured to prioritize capital preservation, ensuring that income generation doesn’t compromise the safekeeping of Bitcoin assets.

With its launch, Laser Digital hopes to meet the growing demand for yield-bearing strategies in the crypto space. The fund will offer a more capital-efficient way to manage Bitcoin exposure, turning passive allocations into income-generating investments.

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