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- The investment vehicle also offers insurance coverage and underwriting for the public, offering Security insurance
- Where BTC gained 266.5% over the past 12 months, BGBF-I Fund is likely to make a minimum return of 12% per year
The BCMG Genesis Bitcoin Fund-I will soon be available to the accredited Asian Crypto investors
To meet the domestic institutional demands, BCMG Genesis Bitcoin Fund-I, known as BGBF-I, has launched the first institutional crypto product in the Southeast Asian region. BCMG is a Malaysian based organisation claiming to become the first insured company to offer crypto product.
The product is launched to help institutional investors growing the demand for crypto products in Southeast Asia. The fund leverages an Artificial Intelligence (AI) powered blockchain-primarily based totally platform furnished through Calfin Global Crypto Exchange. The exchange is dedicated to offering increased security for customer holdings.
Regulated in Labuan, Malaysia, BGBF-I is a kind product to offer services to accredited Asian crypto investors. IBH investment bank serves as the fund’s advisor. Alpha Calibration, a Hong Kong-based professional financial services provider, is offered regulatory compliance services. HLB Hodgson audits the company.
Insurance coverage and underwriting are the top investment vehicles. Subbu Vempati, Fund Manager, said that the investors are safe, and their asset is secured with BGBF-I as it is a secure, insured and regulated platform. The company has expertise in the financial services, technical and security aspects of bitcoin investment, which will benefit the investors. The investors can join the platform without any inhibitions, with no challenges and risk indirectly handling the digital asset.
Bitcoin funds and ETF surging in demand
BTC gained 266.5% over the past 12 months, BGBF-I Fund is likely to make a minimum return of 12% per year. On the website, it is also advised that all the accredited Asian investors are requested to read the Anti-money laundering (AML) carefully and Know Your Customers (KYC) screenings to access the fund.
To quench institutional investors’ growing thirst, the bitcoin fund is among the many to have been launched. There are digital assets following the suits. North American bitcoin ETF was approved first in Canada recently in February. Bitcoin trust assets of Grayscale are moving up to $38.9 billion.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
