Australian firm Monochrome Group has announced the launch of its Bitcoin and Ethereum Exchange-Traded Funds (ETFs) in Southeast Asia. This significant development highlights the growing institutional interest in regulated digital assets within the region.
Monochrome Group's Strategic Expansion
The registration of Monochrome Group’s Ethereum and Bitcoin ETFs with the Monetary Authority of Singapore (MAS) marks a key milestone. These products are designed for institutional investors in Singapore and Southeast Asia. According to CEO Jeff Yew, the company is focused on building a solid foundation for digital asset investment. These ETFs are limited to accredited investors who meet a minimum S$200,000 threshold, in line with Singapore's regulations.
Enhancing Security and Investor Confidence
Security remains a top concern for institutional investors in the crypto space, and Monochrome is addressing this challenge. The company has partnered with Anadara Capital to enhance its institutional services, and BitGo Trust Company for custody services. This provides the secure infrastructure that institutional investors require.
A Response to Market Instability
Monochrome’s expansion comes amid a broader market downturn, which has reduced the total value of the crypto market by 11.4%. Despite market fluctuations, Yew remains confident in Bitcoin’s resilience as a commodity that isn't swayed by short-term volatility.
Monochrome Group continues to solidify its position in the regulated crypto asset sphere by attracting institutional investors with its new ETF offerings. These steps underscore the company’s long-term vision of creating a reliable platform for digital investment in the region.
