Chicago, Illinois
- The appointment underscores NAV’s proven capabilities offering premium services for tokenized fund administration at scale and builds on NAV’s long-term relationship with Laser Digital.
- The Bitcoin Diversified Yield Fund is the first natively tokenized Cayman Bitcoin fund and is aimed at institutional investors in selected regions.
Chicago-based NAV Fund Services (NAV) has been appointed fund administrator for Nomura-backed Laser Digital’s newly upgraded Bitcoin Diversified Yield Fund (BDYF). NAV’s selection underscores the company’s proven capabilities in offering premium services required for tokenized fund administration at scale, including operational rigor and blockchain-enabled infrastructure with digital transfer agency functions. BDYF is the industry’s first natively tokenized Cayman Bitcoin yield fund.
NAV’s appointment extends a three‑year relationship between the two companies, with NAV delivering a crypto‑native infrastructure, frequent net asset value accuracy, independent valuation, on-chain reconciliation, and seamless integration across chains and exchange workflows supporting previous and existing Laser Digital funds, including the flagship Laser Digital Carry Fund.
Ambuj Garg, COO, NAV Fund Services, said, “We’ve collaborated with Laser Digital for several years across multiple strategies and are delighted to partner with them on the upgraded Bitcoin Diversified Yield Fund. Our innovative technology and deep experience with tokenized funds will play a crucial role in providing the accuracy, transparency, and tailored daily reporting that BDYF and its investors demand. Laser Digital is one of the earliest institutional adopters of tokenized fund structures and we look forward to extending our connection as they continue to innovate and pioneer in the tokenization class.”
Andrea Vianelli, COO, Laser Digital Asset Management, said, “NAV Fund Services has been a trusted partner across our fund range, and we have extended their mandate with us owing to their capabilities in digital asset fund administration. As we broaden access to yield‑driven Bitcoin strategies, this partnership will bring in the much-needed operational excellence and governance processes, allowing us as fund managers to work on delivering the best strategies seamlessly and manage the expectations of our institutional investor base.”
A 35-year-old global full-service fund administrator for all alternative fund types, NAV is the industry’s largest fund administrator for digital asset fund services, supporting approximately 35% of market share with more than 1,000 global digital asset funds. Its end‑to‑end platform provides 170+ exchange integrations, 200+ blockchain connections, API‑driven workflows, and comprehensive tracking and reporting. Learn more about NAV’s digital assets and tokenized funds solutions.
Laser Digital’s upgraded Bitcoin Diversified Yield Fund is designed for long‑term Bitcoin holders seeking enhanced, risk‑adjusted returns through a mix of long‑only BTC exposure and diversified market‑neutral strategies that seek to generate a steady yield stream. Laser Digital Carry Fund (LCF) employs a diversified market-neutral strategy combining cash-and-carry investments with token staking to generate dual revenue streams.
About NAV Fund Services
Founded in 1991, NAV Fund Services is a privately owned fund administrator recognized for its innovative proprietary technology and award-winning solutions for multiple fund strategies, including hedge funds, private equity/venture capital/real estate funds, and digital asset and tokenized funds. A team of 3,300+ professionals services 2,550+ global funds with $450 billion total AUA, while maintaining a 99% client retention rate. The company is based in the U.S. with eight service and support facilities in India and locations in Australia, Cayman Islands, Ireland, Mauritius, Philippines, and Singapore, plus the ability to service clients in additional jurisdictions worldwide.
For more information: https://www.navfundservices.com/
About Laser Digital
Laser Digital is a full-service digital asset firm specializing in Trading, Asset Management, Solutions, and Early-Stage Investing. Nomura established Laser Digital to provide new value in digital assets to its clients, bridging traditional and crypto markets. We are positioned uniquely in the market, combining institutional-grade framework and risk management. For more information: Laser Digital For media inquiries: media@laserdigital.com
Laser Digital Disclaimer
This is a marketing communication intended for professional investors in eligible jurisdictions only. It does not constitute investment advice or a recommendation. Past performance is not a reliable indicator of future results. Forecasts are not reliable indicators of future performance. Capital is at risk. Please consult the relevant offering documentation before making any investment decisions.
For full disclosure: https://laserdigital.com/marketing-disclaimer/
<p>The post NAV Fund Services Selected as Fund Administrator for Laser Digital’s Tokenized Bitcoin Diversified Yield Fund first appeared on BetaNews.</p>
