Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Southeast Asia welcomes its first Bitcoin fund, amid local institutional demand

Published 03/09/2021, 04:57 AM
Updated 03/09/2021, 05:00 AM
Southeast Asia welcomes its first Bitcoin fund, amid local institutional demand

Southeast Asia welcomes its first Bitcoin fund, amid local institutional demand

Following a growing demand for Bitcoin products from Asian investors, Malaysia-based BGBF-I has revealed the launch of its Bitcoin Fund to accredited investors. The BCMG Genesis Bitcoin Fund-I touts itself as the first insured institutional crypto product to launch in the Southeast Asian region.

According to the announcement, the Bitcoin product was released in response to a growing demand for crypto-based products from investors. The fund utilizes an Artificial Intelligence (AI) powered platform provided by Calfin Global Crypto Exchange. Fund Manager, Subbu Vempati remarked:

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.
The official website of the fund projects a minimum return of 12% annually while highlighting the fact that Bitcoin itself has surged by over 260% in the past 12 months.

As per the requirements, accredited Asian investors would have to go through mandatory Anti-Money Laundering (AML) and Know Your Customer (KYC) checks before accessing the fund.

Continue reading on BTC Peers

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.