Fintonia Group, a financial services firm for institutional investors, has launched two funds, the Fintonia Bitcoin Physical Fund and the Fintonia Secured Yield Fund.
Fintonia Group, regulated by the Monetary Authority of Singapore (MAS), has announced the launch of two cryptocurrency funds aimed at accredited investors. The first fund, the Fintonia Bitcoin Physical Fund, will enable large entrepreneurs to invest in bitcoin.
Fintonia Group founder and chairman Adrian Chng said the physical bitcoin fund provides investors with “fast, secure and economical” access to the first cryptocurrency. It allows you to buy bitcoin on several exchanges at once and thus diversifies risks.
“The fund is acquiring ‘physical’ bitcoin. This means we will buy actual bitcoin, not a derivative like a futures, ”Chng said.
The second fund, the Fintonia Secured Yield Fund, is a direct lending tool for bitcoin holders. The Chairman of the Fintonia Group noted:
“Bitcoin is a great form of collateral for loans. It trades 24 hours a day, 7 days a week and is highly liquid: from $ 30 billion to $ 60 billion per day. If necessary, it can be quickly liquidated in comparison, for example, with goods and real assets. ”
Chng clarified that the Fintonia Secured Yield Fund is primarily targeted at traders, bitcoin miners and companies that own cryptocurrencies and are interested in getting money without having to sell their BTC.
Both funds rely on a third party licensed custodian to store clients’ cryptocurrency in cold wallets. According to the company, investments are also insured against theft and break-ins.
According to a report by CoinShares, for the week of November 15-19, the inflow of funds into bitcoin amounted to $ 114.4 million, and the total amount of investments in cryptocurrency funds reached $ 154 million. Earlier this month, it was reported that since the beginning of the year, cryptocurrency funds have raised $ 8.9 billion, of which $ 6.4 billion invested in bitcoin.
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