Laser Digital to offer DeFi-enabled Ethereum Adoption Fund
Laser Digital, Nomura’s digital asset subsidiary, announced the evolution of the investment strategy of its Ethereum Adoption Fund SP, designed to offer enhanced yield to investors in collaboration with Galaxy, a global leader in digital assets and data center infrastructure, and Monarch Digital, a spin-off of DeFi startup Dinero Protocol.
The Fund offers institutional investors residing in eligible jurisdictions (with the exclusion of US persons) long-only exposure to Ethereum with additional yield opportunities through built-in Decentralized Finance (DeFi) mechanisms, staking and eventually restaking. This enables the Fund to deliver returns that aim to exceed that of native Ethereum staking rewards. The Fund investment strategy differentiates itself from incumbents in the liquid staking vertical where typically yield is based on validator operation + MEV boost. A challenge facing institutional investors is the lack of liquidity and flexibility in staking ETH, and the risks associated with gaining direct exposure to DeFi mechanisms. The Fund seeks to offer a compliant DeFi market access vehicle, viable for large scale inflows.
The Fund is a segregated portfolio part of Laser Digital Funds SPC, a Segregated Portfolio Company registered as a mutual fund pursuant to section 4(3) of the Mutual Funds Act with CIMA (Cayman Islands MonetaryAuthority).
About Dinero Protocol / Monarch Digital
Dinero Protocol is a proprietary liquid staking protocol built with the modularity to adhere to regulatory guidelines and institutional grade compliance standards, while providing access to industry leading yield and enabling a reasonably large scalability. Monarch Digital FZCO, Dinero Protocol’s operating entity, has been appointed as a technical services provider to the Fund. Monarch is a Free Zone Company pursuant to Law no. 16 of 2021 by H.H. Ruler of Dubai and Implementation Regulations issued there under by the Dubai Integrated Economic Zones Authority (DIEZA) and was registered in Free Zone Company records on 19 November 2024, with registration number 53692 and registered address at Building A1, Dubai Digital Park, Dubai Silicon Oasis, Dubai, United Arab Emirates.
