Singapore , March 08, 2021 (GLOBE NEWSWIRE) — South East Asia’s first insured Bitcoin fund, BCMG Genesis Bitcoin Fund-I (BGBF-I), has officially launched to address the growing global interest from institutional and corporate investors. This Bitcoin-only fund offers insurance coverage and underwriting for Public Offering Security Insurance (POSI), adding an extra security level to its clients’ investments. The fund is regulated in Labuan, Malaysia.
Bitcoin has become the most sought-after investment opportunity today and is undergoing a parabolic growth phase fueled by interest from large corporations in the US leveraging this leading digital asset as part of their Asset and Treasury Management. In anticipation of similar interest from Asia, BGBF-I was set up to provide access to Asian accredited investors and large corporates. Bitcoin has fast become a new asset class and with a diminishing supply the intrinsic value of the asset has grown remarkably in recent years.
“BGBF-I is a secure, insured and regulated platform where investors can get exposure to the Digital Assets industry. Investors get to benefit from our expertise in the financial, technical and security aspects of Bitcoin investments, as well as enter this class with a peace of mind without any challenges or risk in directly handling the Digital Asset” said Fund Manager, Subbu Vempati.
The fund will be deployed in the Digital Assets industry through our involvement with market makers and liquidity providers as well as in the fast-growing industry of