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News

National Bank of Bahrain Supports Bitcoin With New Investment Product

2 hours ago - Around 2 mins mins to read

Key Points:

  • The National Bank of Bahrain launched the GCC’s first Bitcoin-linked structured investment, developed with ARP Digital.
  • The investment product provides growth potential from Bitcoin’s upward performance, capped at a threshold.
The National Bank of Bahrain has launched the first Bitcoin-linked structured investment within the GCC, devised in cooperation with ARP Digital.
National Bank of Bahrain Supports Bitcoin With New Investment Product

Read more: Singaporean Family Office Launches Digital Bank In Bahrain

National Bank of Bahrain Introduces GCC’s First Bitcoin-Linked Investment Product

The move is part of an announcement first made at Fintech Forward 2024 and is considered another significant step for Bahrain’s finance sector and the broader region.

The product, offered to accredited investors only, exposes investors to the long-term growth of Bitcoin with principal protection. Investors benefit from Bitcoin upside performance that is capped at a predefined limit, while this product is fully capital-protected on the downside, allowing investors to contain volatility associated with digital currencies.

Bahrain Strengthens Position as Fintech Hub with Innovative Offerings

The launch of the Bitcoin investment product is in line with the National Bank of Bahrain’s broader strategy to expand its product portfolio, particularly within wealth management. The bank envisions a risk-averse investor who would want some exposure to cryptocurrency but not at the risk of losing their principal investment.

Bahrain has really made a great stride in developing a really friendly ecosystem for both fintech and cryptocurrency, fashioning laws that really bring a delicate balance between consumer protection and commercial innovation. Most recently, Crypto.com received a payment service provider license from the Central Bank of Bahrain, sealing Bahrain’s position as the regional fintech hub.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Bahrain

Bitcoin

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

National Bank of Bahrain Supports Bitcoin With New Investment Product

Key Points:

  • The National Bank of Bahrain launched the GCC’s first Bitcoin-linked structured investment, developed with ARP Digital.
  • The investment product provides growth potential from Bitcoin’s upward performance, capped at a threshold.
The National Bank of Bahrain has launched the first Bitcoin-linked structured investment within the GCC, devised in cooperation with ARP Digital.
National Bank of Bahrain Supports Bitcoin With New Investment Product

Read more: Singaporean Family Office Launches Digital Bank In Bahrain

National Bank of Bahrain Introduces GCC’s First Bitcoin-Linked Investment Product

The move is part of an announcement first made at Fintech Forward 2024 and is considered another significant step for Bahrain’s finance sector and the broader region.

The product, offered to accredited investors only, exposes investors to the long-term growth of Bitcoin with principal protection. Investors benefit from Bitcoin upside performance that is capped at a predefined limit, while this product is fully capital-protected on the downside, allowing investors to contain volatility associated with digital currencies.

Bahrain Strengthens Position as Fintech Hub with Innovative Offerings

The launch of the Bitcoin investment product is in line with the National Bank of Bahrain’s broader strategy to expand its product portfolio, particularly within wealth management. The bank envisions a risk-averse investor who would want some exposure to cryptocurrency but not at the risk of losing their principal investment.

Bahrain has really made a great stride in developing a really friendly ecosystem for both fintech and cryptocurrency, fashioning laws that really bring a delicate balance between consumer protection and commercial innovation. Most recently, Crypto.com received a payment service provider license from the Central Bank of Bahrain, sealing Bahrain’s position as the regional fintech hub.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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