Singapore fund management company, Fintonia Group has launched two institutional grade Bitcoin (BTC) funds on November 26 and they are endorsed by the Monetary Authority of Singapore (MAS).
The fund is known as; Fintonia Bitcoin Physical Fund, and Fintonia Secured Yield Fund were launched with the aim of offering easy and secure exposure to professional Bitcoin investors.
However, such funds are only available to qualified investors.
Fintonia Bitcoin Physical Fund
According to Fintonia founder Adrian Chng, the fund is offered directly and investors can subscribe and redeem on a regular basis as it is an open -ended fund, much like a mutual fund.
Investing in such funds means that investors buy Bitcoin (BTC), not Bitcoin derivative instruments.
Fintonia Secured Yield Fund
The fund offers access to personal loans using Bitcoin to its investors.
Chng described Bitcoin as the best form of collateral for loans: “It is traded 24/7 and has high liquidity - around $ 30 billion (RM127.17 billion) to $ 60 billion per day.
Interestingly, its liquidity is faster than other assets such as commodities and real assets when faced with conditions that demand to do so. ”
Both of these funds are backed by third-party licensed protections that protect clients ’cryptocurrencies in cold wallets. Not only that, these investments have been protected from issues related to theft and hacking.
