The National Bank of Bahrain (NBB) has launched a new structured investment product tied to Bitcoin (BTC). It is the first of its kind in the Gulf Cooperation Council (GCC) region. Developed in partnership with ARP Digital, the product is exclusively available to accredited investors.
A Look At NBB’s Bitcoin Fund
The Bitcoin investment fund by NBB offers accredited investors a unique opportunity to gain exposure to BTC’s long-term growth potential while ensuring their capital is preserved.
This structured investment product allows investors to benefit from any upward movement in BTC price, capped at a predetermined limit. Moreover, it also offers full protection against any downside. According to the NBB, the product is designed to meet the demand of risk-averse investors who are seeking a secure way to invest in crypto without exposing their principal investment to the volatility.
Hisham AlKurdi, NBB’s Group Chief Executive – Markets & Client Solutions, emphasized the significance of the product in a recent statement, according to an IBS Intelligence report. He stated:
“We are proud to introduce this bespoke structured investment, which blends the appeal of digital asset exposure with the security of capital protection.”
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Moreover, he highlighted how the new product fits within the bank’s broader strategy to provide innovative solutions to its wealth management clients. AlKurdi added, “This product underscores our focus on offering our wealth management clients innovative and secure avenues to diversify their portfolios in an evolving investment landscape.”
Game-Changer Initiative in Regional Market
The introduction of the Bitcoin fund is a significant move for NBB as it continues to expand its range of tailored financial solutions, particularly for high-net-worth individuals. Abdulla Kanoo, Co-Founder and Co-Chief Executive Officer of ARP Digital, also commented on the launch. He said:
“Our collaboration with NBB is poised to be a game-changer in the regional market. By leveraging our expertise in digital assets and NBB’s extensive reach in the financial sector, we have created a product that introduces Bitcoin exposure within a highly secure framework.”
NBB’s latest initiative further solidifies its position as a leader in digital asset investment in the region. The bank has been active in promoting Bahrain as a center for financial innovation with this launch aimed at positioning the country as a hub for new and diverse investment opportunities. Moreover, the growing institutional influx into BTC is also expected to boost the flagship crypto’s price.
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