Currency Economy

Southeast Asia’s first Bitcoin fund launches to meet local institutional demand

Cryptocurrency (Mar 09, 2021 12:40AM ET) Southeast Asia's first Bitcoin fund launches to meet local institutional demand

Southeast Asia’s first Bitcoin fund launches to meet local institutional demand

The Malaysia-based BCMG Genesis Bitcoin Fund-I, or BGBF-I, has officially launched, claiming to have become the first insured institutional crypto product available in the Southeast Asian region.

An announcement states the fund launched in response to a growing demand for institutional crypto products in Southeast Asia. The fund leverages an Artificial Intelligence (AI) powered blockchain-based platform provided by Calfin Global Crypto Exchang, which purports to offer increased security for customer holdings.

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