Fintonia Group – a fund management entity from Singapore under regulations of the Monetary Authority of Singapore (MAS) – has reportedly introduced two institutional-grade Bitcoin (BTC) funds.
Specifically, the freshly rolled out funds, which go by the name the Fintonia Bitcoin Physical Fund and the Fintonia Secured Yield Fund, are reportedly established with a primary target of offering Bitcoin exposure with security and simplicity to professional investors.
“The funds are live and investors can subscribe and redeem regularly as they are open-ended funds, similar to a mutual fund. The funds are only available for accredited Investors,” Fintonia founder and chairman Adrian Chng further remarked regarding the development.
The Fintonia Bitcoin Physical Fund mainly aims to cater to institutional investors looking for Bitcoin exposure in a direct manner, equipping them with the ability to purchase, store and sell large amounts of the crypto coin.
“The fund acquires physical Bitcoin, meaning we will buy the actual Bitcoin rather than a derivative instrument on Bitcoin”.
The Fintonia Secured Yield Fund, on the other hand, makes it accessible for investors to private loans secured by Bitcoin.
“Bitcoin is an excellent form of collateral for loans. It trades 24/7 and is highly liquid, with approximately $30 billion to $60 billion per day. If required, it can be quickly liquidated in comparison with, for example, commodities and real assets,” Chng noted.
Both funds are reportedly dependent on a third-party licensed custodian providing safekeeping for customers’ digital coins on cold wallets. Investments are further insured against theft and hacking, per the firm.
Fintonia sets sight on bringing down crypto-to-fiat friction as an MAS-regulated fund manager that stays in compliance with Know Your Customer and Anti-Money Laundering requirements.”
