South East Asia’s first insured Bitcoin Fund launched to meet the growing institutional interest in digital assets

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, according to a press release. 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 Decentralized Finance (DeFi).

BGBF-I is supported by an ecosystem of stakeholders and collaborators with a strong Asian presence. The fund is administered by the dynamic best-practice provider of regulatory compliance and professional services, Alpha Calibration, and audited by Hong Kong-based auditing firm HLB Hodgson. Labuan based IBH Investment Bank serves as the main Fund Advisor to BGBF-I.

“IBH Investment Bank is well positioned for wealth management in niche markets such as blockchain. Our strategic partnership with BGBF-I will focus on corporate and financial advisory as well as support our mission to gain a competitive advantage and positioning in Asian Investment banking operations.  We are looking forward to successful cooperation,” said Dato Howard Choo, Fund Advisor, Managing Director and CEO of IBH Investment Bank.

The BGBF-I leverages an Artificial Intelligence (AI) powered blockchain-based platform provided by the world’s first fully insured crypto exchange CGCX.io. The exchange has a highly complex and unique infrastructure that protects assets against cyber-attacks and hacks. With security in mind other measures include having all investment subscription contracts held in custody with regulated banks. All investors must go through mandatory Anti-Money Laundering (AML) and Know Your Customer (KYC) screenings. BGBF-I is committed to continuously evaluate security developments to lead with industry best practices.

All investments are made with a target of generating attractive yield in a regular manner.

Interested accredited investors can learn more about BGBF-I on the official website: www.bgbf1.com

 

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