The National Bank of Bahrain (NBB) has unveiled a pioneering initiative, introducing the Gulf Cooperation Council’s first Bitcoin-linked structured investment fund. This significant development aims to offer accredited investors a secure avenue to gain exposure to Bitcoin, potentially hedging against fiat currency devaluation. The NBB’s innovative approach is in line with its strategy to lead in financial innovations and cater to the burgeoning interest in digital assets among its wealth management clientele.

Hisham AlKurdi, Group Chief Executive at NBB, emphasized the dual benefits of digital asset exposure and capital security. “This structured investment merges modern financial practices with robust security measures, enhancing our wealth management portfolio and reaffirming our commitment to financial leadership in the region,” AlKurdi stated. The introduction of this fund not only diversifies investment options but also positions Bahrain as a formidable player in the global crypto space.

Supporting broader Bitcoin adoption, Bahrain stands out with one of the largest BTC holdings globally, owning 13,166 BTC valued at approximately $844 million. Unlike other nations, Bahrain has proactively accumulated Bitcoin, underpinned by a well-defined legal framework aimed at fostering digital asset growth and stability.

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