BCMG has launched South East Asia’s first insured Bitcoin fund, BCMG Genesis Fund-I (BGBF), to cater to the increasing demand for institutional crypto products in the region. BGBF announced the Bitcoin Fund-I in a press release on the 8th of March. Stating that the fund is regulated in Labuan, Malaysia, the press release said the fund offers insurance coverage and underwriting for Public Offering Security Insurance (POSI) which provides extra security to clients’ investments.
Fund Manager Subbu Vempati said:
“BGFI-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.”
Bitcoin acquisition has become the new trend among high-profile corporations in the US. As a result of the growing adoption of BTC, the digital asset has been seeing significant increases. Companies such as MicroStrategy, Grayscale, and Tesla are among the companies that have revealed their investments in the king coin as part of their Asset and Treasury Management.
BGBF-I was set up in anticipation that the increasing demand for BTC would spread to Asia. The BGBF-I is backed by insured crypto exchange CGCX.io which is powered by Artificial Intelligence (AI).
