{"id":372729,"date":"2021-11-26T12:11:23","date_gmt":"2021-11-26T09:11:23","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/two-mas-regulated-bitcoin-funds-launch-in-singapore\/"},"modified":"2021-11-26T12:11:23","modified_gmt":"2021-11-26T09:11:23","slug":"two-mas-regulated-bitcoin-funds-launch-in-singapore","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/two-mas-regulated-bitcoin-funds-launch-in-singapore\/","title":{"rendered":"# Two MAS-regulated Bitcoin funds launch in Singapore"},"content":{"rendered":"<p>&#8220;<strong># Two MAS-regulated Bitcoin funds launch in Singapore <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvMDdkOGM4NWQtMDdlYS00OWMxLWJkODItYmVmNzIzMzQ3NGJiLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Singapore-based fund manager Fintonia Group has launched two institutional-grade Bitcoin (BTC) funds <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved by the Monetary Authority of Singapore (MAS).<\/p>\n<p>The new funds, the Fintonia Bitcoin Physical Fund and the Fintonia Secured Yield Fund, are intended to provide simple and secure exposure to Bitcoin for professional investors, Fintonia announced on Nov. 25.<\/p>\n<p>The Fintonia Bitcoin Physical Fund targets institutional investors seeking direct exposure to Bitcoin, allowing them to buy, store and sell large amounts of the cryptocurrency. \u201cThe fund acquires physical Bitcoin, meaning we will buy the actual Bitcoin rather than a derivative instrument on Bitcoin,\u201d Fintonia founder and chairman Adrian Chng reportedly <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/fundselectorasia.com\/fintonia-launches-bitcoin-funds-in-singapore\/\">said<\/a>.<\/p>\n<p>The Fintonia Secured Yield Fund, on the other hand, provides investors with access to private loans secured by Bitcoin. \u201cBitcoin is an excellent form of collateral for loans. It trades 24\/7 and is highly liquid, with approximately $30 billion to $60 billion per day. If required, it can be quickly liquidated in comparison with, for example, commodities and real assets,\u201d Chng noted.<\/p>\n<p>Both funds rely on a third-party licensed custodian storing clients\u2019 cryptocurrencies on cold wallets. Investments are also insured against theft and hacking, the company said.<\/p>\n<p>Fintonia aims to reduce crypto-to-fiat friction as a MAS-regulated fund manager that complies with Know Your Customer and Anti-Money-Laundering requirements. \u201cThese open-ended funds provide professional investors with a recognized legal and regulatory structure, similar to that of a typical mutual fund,\u201d the announcement reads.<\/p>\n<p>MAS and Fintonia did not im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely respond to Cointelegraph\u2019s request for comment.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Singapore to position itself as global crypto center, says regulator<\/em><\/strong><\/p>\n<p>The <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> further reaffirms Singapore\u2019s commitment to becoming a central global cryptocurrency hub as local regulators have issued multiple licenses to legalize crypto trading in the country. According to MAS managing director Ravi Menon, Singapore is putting \u201cvery strong regulation\u201d to strengthen its position as the world\u2019s crypto center.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/two-mas-regulated-bitcoin-funds-launch-in-singapore\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Two MAS-regulated Bitcoin funds launch in Singapore &#8221; Singapore-based fund manager Fintonia Group has launched two institutional-grade Bitcoin (BTC) funds approved by the Monetary Authority of Singapore (MAS). The new funds, the Fintonia Bitcoin Physical Fund and the Fintonia Secured Yield Fund, are intended to provide simple and secure exposure to Bitcoin for professional&#8230;<\/p>\n","protected":false},"author":1,"featured_media":372731,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvMDdkOGM4NWQtMDdlYS00OWMxLWJkODItYmVmNzIzMzQ3NGJiLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74863,73711,70934,5012],"class_list":["post-372729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-cryptocurrencies","tag-investments","tag-regulation","tag-singapore"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/372729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=372729"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/372729\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/372731"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=372729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=372729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=372729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}