A new institutional investment fund by Laser Digital offers exposure to NEAR Protocol’s native token while earning staking rewards through TruFin’s TruStake solution.
By Temitope Olatunji
Edited by Marco T. Lanz
Updated
2 mins read
Laser Digital has launched a new investment fund designed to give institutional investors long-term exposure to the NEAR token, the native asset of the NEAR Protocol, a blockchain network.
The new investment fund, called the Laser Digital NEAR Adoption Fund, enables institutional investors to invest in NEAR tokens while earning staking rewards. According to the official release, the initiative uses TruFin’s TruStake, a staking solution built for institutional investors.
Jez Mohideen, CEO of Laser Digital, stated that the fund provides institutional investors with a straightforward way to invest in digital assets by offering long-term exposure to the NEAR Protocol. He said:
“The Fund gives Investors a seamless way to gain exposure to digital assets through a long orientated exposure to the NEAR protocol that combines two major investment themes of digital assets and AI, alongside a carry overlay via the staking,” Mohideen noted.
The fund operates under Laser Digital Funds SPC and will be available to professional investors in eligible regions outside the United States. Investors can access the fund directly or through wealth management platforms.
The platform is positioning itself as the go-to blockchain for artificial intelligence (AI), developing technology that connects AI with decentralized applications. NEAR emphasizes user-owned artificial intelligence, prioritizing individual interests over corporate control. Its infrastructure incorporates chain abstraction technology, allowing seamless interaction between AI agents and users, while its innovative intents system facilitates smooth transactions across the network. NEAR’s technology ensures it can handle large-scale AI applications efficiently.
“We are excited to launch the Laser Digital NEAR Adoption Fund to give institutional investors exposure to NEAR‘s rapidly growing AI ecosystem, enhanced with staking returns. We are convinced that Laser Digital with its strong expertise and distribution capabilities is the right partner to provide investors with seamless and compliant access to NEAR,” David Norris, CFO of the NEAR Foundation, stated.
The launch comes at a time when institutional interest in digital assets and AI infrastructure is growing. The NEAR token has seen a surge in its price over the last 24 hours, rising more than 9% so far. The trading volume has also increased by over 50%, indicating strong market activity.
With this new initiative aimed at attracting top institutions to invest in NEAR, it could potentially drive long-term price growth.
Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.
