Standard Asset Company Unveils $1.5B Bitcoin and UAE Property Strategy
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5 Articles
Standard Asset Company unveils $1.5B Bitcoin and UAE property strategy
Standard Asset Company has announced an anticipated $1.5 billion strategy combining a Coinbase-managed Bitcoin reserve with UAE real estate investments, with a Dubai royal family member among its backers. Standard Asset Company’s announcement, published by Gulf News on Oct. 27,…
Dubai Royal Backs $1.5B Bitcoin Plan Managed by Coinbase
Standard Asset Company opened headquarters in Abu Dhabi to run a Bitcoin plan combined with UAE real estate. Coinbase Asset Management will act as the sole manager of the firm’s Bitcoin holdings. A member of Dubai’s ruling family is listed among the company’s advisers and shareholders. The company has not said how much Bitcoin it [...]
A new Bitcoin Treasury Company is being established in the United Arab Emirates (UAE). Standard Asset Company, supported by Dubai's Royal Family and supported by Coinbase, has just opened its offices in Abu Dhabi to pilot a $1.5 billion investment strategy, blending Bitcoin Reserve (BTC) and high-end real estate. Standard Asset Company launches a $1.5 billion Bitcoin/Real Estate Investment duo appeared first on Cryptoast.
Standard Asset Company announced a US$1.5 billion scale strategy that combines income-generating properties in the United Arab Emirates with a long-term Bitcoin reserve. The firm commissioned Coinbase Asset Management to manage its BTC holdings exclusively, but did not reveal how much it owns and how much it intends to buy.
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