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SE Asia’s first insured Bitcoin Fund launched amid growing global interests

By Leandra Monteiro

March 09, 2021

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BCMG Genesis Bitcoin Fund-I, BGBF-I, Bitcoin, SE Asia, Digital assets

BCMG Genesis Bitcoin Fund-I (BGBF-I), South East Asia’s first insured Bitcoin fund has officially launched after growing global interest from institutional and corporate investors. The Bitcoin-only fund, regulated in Labuan, Malaysia offers insurance coverage and underwriting for Public Offering Security Insurance (POSI), adding an extra security level to its clients’ investments.

Fueled by interest from large corporations in the US Bitcoin has become quite a sought-after investment opportunity. In anticipation of similar interest from Asia, BGBF-I was set up to provide access to Asian accredited investors and large corporates. Bitcoin has fast become a new asset class and with a diminishing supply the intrinsic value of the asset has grown in recent years.

“BGBF-I is a secure, insured and regulated platform where investors can get exposure to the Digital Assets industry.  Investors get to benefit from our expertise in the financial, technical and security aspects of Bitcoin investments, as well as enter this class with a peace of mind without any challenges or risk in directly handling the Digital Asset” said Fund Manager, Subbu Vempati.

The fund will be deployed in the digital assets industry through the involvement with market makers and liquidity providers as well as in the fast-growing industry of Decentralized Finance (DeFi).

The insured Bitcoin Fund, BGBF-I is supported by an ecosystem of stakeholders and collaborators with a strong Asian presence. The fund is administered by the provider of regulatory compliance and professional services, Alpha Calibration, and audited by Hong Kong-based auditing firm HLB Hodgson. Labuan based IBH Investment Bank serves as the main Fund Advisor to BGBF-I.

“IBH Investment Bank is well positioned for wealth management in niche markets such as blockchain. Our strategic partnership with BGBF-I will focus on corporate and financial advisory as well as support our mission to gain a competitive advantage and positioning in Asian Investment banking operations.  We are looking forward to successful cooperation,” said Dato Howard Choo, Fund Advisor, Managing Director and CEO of IBH Investment Bank.

The BGBF-I leverages an Artificial Intelligence (AI) powered blockchain-based platform provided by the world’s first fully insured crypto exchange CGCX.io.

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