The company announced that it will launch the first Bitcoin investment fund aimed at institutional investors in the Gulf Cooperation Council (GCC) region, which is made up of the United Arab Emirates (UAE).
According to foreign media such as Cointelegraph on the 7th (local time), this Bitcoin investment fund is a digital asset fund.
Developed in cooperation with ARP Digital, it is designed for institutional investors, providing exposure to Bitcoin profits and losses within pre-defined limits.
"This structured investment represents a calculated investment in digital assets," said Abdullah Kanoo, co-founder and co-CEO of ARP Digital.
"Combining our expertise in the digital assets space with NBB's extensive reach in the financial sector will provide new opportunities for investors looking for a more in-depth approach to digital asset management," he said.
"We have created a product that provides exposure to Bitcoin within a secure framework," he added. Bahrain has introduced clear regulations that balance consumer protection and commercialization.
By introducing cryptocurrency and building a favorable and innovative environment for the cryptocurrency and fintech ecosystem, the company is attracting more and more digital asset companies.
Eric, Chief Operating Officer of Crypto.com, a global cryptocurrency exchange
Anziani diagnosed these efforts as successful.
Crypto.com received a local operating license from the Central Bank of Bahrain in September last year and has been operating since March 2022.
It joins inance and BitOasis as other cryptocurrency exchanges operating in Bahrain.
2024/10/08 14:09 KST
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