Crypto carry, but with grown-up rails. Nomura’s LaserDigital “Laser Carry Fund”is live via @KAIO_xyz, sitting around ~$31.9M AUM and built for BTC holders who want steady, market-neutral yield without leaving crypto. On the infra side, KAIO handles the boring-but-critical bits rule-gated subscribe → transfer → redeem so that position can actually be traded or collateralized instead of gathering dust. What makes this useful vs. yet another “yield tweet” is portability + compliance. The fund’s already been rolled out on Hedera, with the strategy spelled out capturing funding-rate inefficiencies and staking yield while keeping delta risk tight. And Sei picked it up in October, showing the multichain distribution KAIO’s gateway was designed for. That’s real composability, not a wrapper maze. ❯ Treat it like onchain treasury management: park in CARRY for baseline crypto-native carry, then route where liquidity lives. (Sei announcement confirms KAIO as the infra rail.) ❯ Need collateral utility? Horizon from Aave Labs lets qualified desks borrow stables against tokenized RWAs exactly the downstream use case you want for a carry sleeve. ❯ Sanity-check the claim: read Hedera’s post for the strategy profile; track AUM and chain coverage as listings expand. Net: “park your Bitcoin to earn interest” only works if the rails are real. With KAIO handling compliance + lifecycle and Laser running the strategy, CARRY looks like a credible way to put idle BTC to work portable, composable, and institution-grade