BCB Group, a world digital monetary companies agency, is planning to assist companies navigate cryptocurrencies like Bitcoin (BTC) by launching a devoted service.
In response to a Feb. 19 announcement, BCB Group has launched BCB Treasury, a brand new service designed for company treasury departments in search of to get entangled in Bitcoin à la Tesla.
The brand new service goals to offer a particular answer enabling entry to treasury administration for firms keen to speculate their capital into Bitcoin and different digital property. With BCB Treasury, executives can enter, maintain, handle, and report on a Bitcoin-focused treasury technique, the announcement states.
BCB Group founder and CEO Oliver von Landsberg-Sadie stated that the launch of BCB Treasury is available in response to rising demand triggered by the current Bitcoin strikes of firms like MicroStrategy and Tesla. The exec stated that numerous firms wish to put money into crypto to hedge in opposition to weak fiat currencies:
“We’re seeing some highly effective indicators attracting firms to the digital asset house together with the debasement of reserve currencies by way of unprecedented ranges of central financial institution cash provide.”
Final 12 months, BCB Group’s core enterprise BCB Funds acquired regulatory approval from the UK’s Monetary Conduct Authority.
Headquartered in London, BCB Group is a serious European crypto cost companies supplier, serving a few of the world’s largest crypto firms like Coinbase, Gemini, Galaxy Digital, Bitstamp and Kraken. In early February, the agency appointed former Coinbase UK CEO Zeeshan Feroz as an advisor.