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.

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.

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.

Recent Posts

Best Altcoins to Buy Now: Qubetics Set For Weekly 10% Rise and Polygon Banks on Whale Activity Amid Avalanche Token Release

Discover the best altcoins to buy now: Qubetics soars with a weekly 10% rise, Polygon…

4 hours ago

BlockDAG’s Security Boost with KKAK-256: $142.5M in Presale Surpasses Polkadot’s Price Target Hype & Polkadot’s Latest Update

Take a look at the impact of BlockDAG’s KKAK-256 algorithm on security and how its…

7 hours ago

Miami Artist Earns $5.2M from Solana: Is BlockDAG’s 30,000x ROI Next?

Learn how an early Solana investment led a Miami artist to $5.2M in 2021. Explore…

8 hours ago

Best Coins to Hold for Bull Run: Qubetics Swells 10% at Weekend as Polkadot Targets $11, But Polygon Loses Investors’ Favour

Discover the best coins to hold for the bull run as Qubetics surges, Polkadot eyes…

12 hours ago

3,200 Holders Strong: Experts Believe Qubetics Could Be the Best Crypto to Buy Today After Missing ChainLink

If you’re regretting missing that wave, here’s some exciting news: Qubetics ($TICS), with its ongoing…

15 hours ago

Ethereum Spot ETF Inflows Hit $91.2M After Six-Day Outflow

Ethereum Spot ETF Inflows reached $91.2M on Nov 22, marking the first net inflow in…

18 hours ago

This website uses cookies.