This article was first published on The Asset.
Move to attract institutional investors fits with Singapore’s ambition to become global crypto hub
Singapore-based financial services firm Fintonia Group has launched the first two institutional-grade bitcoin funds managed by a Monetary Authority of Singapore (MAS)-regulated fund manager, offering professional investors the opportunity to quickly and securely invest in this fast-growing institutional asset class.
The Fintonia Bitcoin Physical Fund targets professional investors looking for direct economic exposure to bitcoin. It solves four key challenges for investors – buying efficiently at scale, storing safely, selling efficiently at scale, and bequeathing bitcoin in a legally effective manner.
By investing via this fund, investors are able to easily navigate a “chaotic” cryptocurrency environment – one that has over 1,000 exchanges, significant challenges in transferring large amounts of cash in and out of the banking and crypto ecosystem, and the need to carefully manage fraud and hacking risks.
The Fintonia Secured Yield Fund is an open-ended fund that provides professional investors with access to private loans, which are secured by bitcoin. The fund generates best-in-class risk-adjusted returns as well as significant capital protection against price volatility. This allows professional investors to have indirect exposure to the growth of the cryptocurrency market and profit from the current “chaos” in the ecosystem.
Read the full article on The Asset.