Malaysia-based BCMG launches South East Asia’s first insured Crypto fund, making Genesis Bitcoin Fund-I (BGBF-I) the first insured institutional crypto product to be available in the region. The Bitcoin-only fund offers insurance coverage and underwriting for Public Offering Security Insurance (POSI). BCMG Launches South East Asia’s First Crypto Funds The BGBF-I was set up in response to the growing demand for institutional crypto products for Asian accredited investors and large corporates. The fund is regulated in Labuan, Malaysia, powered by an Artificial Intelligence (AI) blockchain-based platform provided by the world’s first fully insured crypto exchange Calfin Global Crypto Exchange. IBH Investment Bank will serve as the fund’s main advisor. The bank is known for wealth management within a niche market of blockchain, gold, and Forex. In the announcement statement, Dato Howard Choo, Fund Advisor, Managing Director, and CEO of IBH Investment Bank, said: “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.” Hong Kong-based Alpha Calibration will provide regulatory compliance services. Asset management and brokerage firms, hedge funds, and insurance intermediaries are amongst their clients. Meanwhile, its auditing will be done by another Hong Kong-based company HLB Hodgson. To access the funds, the eligible accredited Asian investors must go through mandatory Anti-Money Laundering (AML) and Know-Your-Customer (KYC) procedures. BGBF-I Leverages on Bitcoin as Crypto Fund Adoption BGBF-I was founded to make the best out of leading cryptocurrency Bitcoin, and leverage on its progress and adoption. With its state-of-the-art security and insurance coverage, the fund offers investors a new level of security for Bitcoin investments. Fund Manager, Subbu Vempati, said: “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 indirectly handling the Digital Asset.” BCMG Limited is a Malaysia-based advisory firm that has experience in providing advisory for FinTech & DeFi, Private Equity & Venture Capital, Emerging Technology, and much more.
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