National Bank of Bahrain offers investors a Bitcoin fund

от

8 hours ago

The National Bank of Bahrain (NBB) has launched the first Bitcoin investment fund in the region, targeting institutional investors from the Gulf Cooperation Council (GCC).

NBB's new Bitcoin fund

Developed in partnership with digital asset firm ARP Digital, the fund offers investors exposure to Bitcoin with a cap on potential gains and full protection against losses.

Partnership with ARP Digital

According to local media, Abdulla Kanoo, co-founder and co-chief executive officer at ARP Digital, pointed out, “Our collaboration with NBB is poised to be a game-changer in the regional market. By leveraging our expertise in digital assets and NBB’s extensive reach in the financial sector, we have created a product that introduces Bitcoin exposure within a highly secure framework.”

Our collaboration with NBB is poised to be a game-changer in the regional market. By leveraging our expertise in digital assets and NBB’s extensive reach in the financial sector, we have created a product that introduces Bitcoin exposure within a highly secure framework.Abdulla Kanoo, ARP Digital

Regional crypto efforts

Bahrain has been working hard to attract digital asset businesses, creating a crypto-friendly environment with clear regulations. This has drawn companies like Binance, Crypto.com, and BitOasis. The UAE is also making strides in crypto regulation. In 2023, Dubai’s Virtual Asset Regulatory Authority released a comprehensive set of rules for companies dealing with cryptocurrencies, easing operations for Web3 firms in the region.

The new fund from NBB offers regional investors a promising avenue to engage safely with Bitcoin in a well-regulated environment.

Другие новости

Trump Ends SEC: Новая возможность для инвесторов на Solana

TRUMESEC может принести значительные доходы ранним инвесторам, как это сделали SHIB и DOGE.

8 minutes ago

Trump Ends SEC: A New Opportunity for Solana Investors

TRUMESEC may yield significant returns for early investors, similar to SHIB and DOGE.

8 minutes ago

Институциональные интересы к Биткойн и сенсация Неиро в центре внимания трейдеров

Биткойн лидирует на фоне институциональных интересов и положительной динамики, в то время как Неиро достигает рекордных высот.

9 minutes ago

Institutional Interests in Bitcoin and Viral Neiro Take Center Stage for Traders

Bitcoin leads with institutional interest and positive dynamics as Neiro hits record highs.

9 minutes ago

Router Protocol улучшил связь Solana с Ethereum и другими сетями

Router Protocol интегрировал Solana для улучшения кросс-чейн взаимодействий с сетями Ethereum, Avalanche и Polygon.

10 minutes ago

Router Protocol Enhances Solana’s Connectivity with Ethereum and More

Router Protocol integrates Solana, improving cross-chain interactions with Ethereum, Avalanche, and Polygon.