Fintonia Group has announced the launch of two Bitcoin-focused institutional funds.
Singaporean fund manager Fintonia has received approval from Singapore’s regulator, the Monetary Authority of Singapore (MAS), for two Bitcoin funds for institutional investors. The company aims to meet the growing demand for digital asset funds with two Bitcoin funds, Fintonia Bitcoin Physical Fund and the Fintonia Secured Yield Fund.
It is stated that these two products are focused on institutional investors who aim to invest in Bitcoin only long-term, passively. Fintonia Bitcoin Physical Fund gives investors the chance to invest directly in Bitcoin. Thus, market players can buy, sell or store large amounts of BTC. Fintonia’s founder and chairman, Adrian Chng, also spoke about the physically backed nature of the fund, noting that this means that the company will not use Bitcoin as a derivative, but instead will buy Bitcoin directly.
Another fund, Fintonia Secured Yield Fund, is targeting investors seeking access to private loans secured by Bitcoin. Talking about some of its features, such as 24/7 trading and high liquidity, the manager added:
“If necessary, it can be liquidated quickly, for example, compared to commodities and real assets. ”
