According to the media reports, the funds will only work with institutional investors

​Fintonia Group has launched two bitcoin funds in Singapore

29.11.2021 - 10:00

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1 min

What’s new? According to Fund Selector Asia, Singapore has launched two bitcoin funds aimed at institutional investors. The funds are founded by Fintonia Group and have been licensed by the local regulator.

News source on the Find Selector Asia website

What is known about the new funds? The first fund, called Bitcoin Physical Fund, will buy and hold the first cryptocurrency in its account for the benefit of clients. The second fund, Secured Yield Fund, will provide fiat currency loans to users, secured in bitcoins.

Both funds are licensed by the Monetary Authority of Singapore. According to Fintonia Group, this will win the trust of large institutional investors who are interested in this new type of digital asset.

Author:

Michael Golikov Michael Golikov

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