The Malaysian BCMG Genesis Bitcoin Fund-I (BGBF-I), has reportedly been rolled out, and is claimed to be the first insured institutional crypto solution, across the SEA area. 

Specifically, the fund was reportedly made available as a responsive attempt towards an increasing demand for South East Asia-based for institutional crypto tools. 

The fund reportedly utilized an Artificial Intelligence (AI)-based, blockchain-powered platform designed by Calfin Global Crypto Exchange, which has a primary goal of providing an enhanced level of security for customer holdings.

BGBF-I is regulated in Labuan, Malaysia, where IBH Investment Bank reportedly takes up the role of the primary advisor. Professional financial services provider from Hong Kong – Alpha Calibration – will be offering regulatory compliance services, and HLB Hodgson will take care of the auditing process. 

“BGBF-I is a secure, insured and regulated platform where investors can get exposure to the Digital Assets industry. 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 in directly handling the Digital Asset.” 

The investment vehicle also makes insurance coverage and underwriting features for Public Offering Security Insurance available. 

The BGBF-I Fund reportedly forecasted a lowest return rate of 12% yearly, while noting that BTC itself has gathered 266.5% throughout the past 12 months. 

Every accredited investor in Asia is reportedly required to undergo mandatory Anti-Money Laundering (AML) and Know Your Customer (KYC) screenings to tap into the fund.