- NBB in partnership with APR Digital announced the launch of the first Bitcoin investment fund in Bahrain
- This gives Bahrain, one of the largest Bitcoin holders, an even stronger position in the crypto sector
National Bank of Bahrain has announced that it is launching its first crypto investment product, namely its first Bitcoin investment fund.
This enables safe investing in Bitcoin and continues Bahrain’s growing place in the crypto industry as one of MENA’s key crypto holdings.
Details on Bahrain’s First Bitcoin Investment Fund Launch
To begin with, it is worth noting that Bahrain is already one of the key crypto holders that actively purchases Bitcoin, and is the fifth largest Bitcoin holder in the world with a portfolio of approximately 13,166 BTC, worth approximately $844 million.
Therefore, this initiative to launch the first Bitcoin investment is part of a larger pro crypto strategy, and already quite impressive successes in the crypto sector.
This initiative by NBB in collaboration with APR Digital, the fund offers structured investments, for accredited investors to raise funds in a safe and sustainable platform amidst the growing interest in digital assets.
Hisham AlKurdi, Group Chief Executive of Markets & Client Solutions at NBB, expressed pride in introducing this innovative product:
“We are proud to introduce this bespoke structured investment, which blends the appeal of digital asset exposure with the security of capital protection.”
Conclusion
More and more countries, already rich in resources, are showing a very strategic approach to their utilization, which definitely complements them.
The accumulation of Bitcoin, but also the creation of favorable conditions for the adaptation of cryptocurrencies and the creation of crypto investment instruments shows a solid and thorough pro-crypto vector.
We need to keep a close eye on the whole MENA region, which seems to be looking into the future now and even acting ahead of the curve.
