UK Digital Firm Released Solution for Company Treasuries to Invest in Bitcoin

By Chris Torres | February 27, 2021
Bitcoin On-chain Scaling Requires Larger Block Sizes, Claimed Abra CEO

BCB Group – a UK-based international digital financial services entity – is reportedly releasing a dedicated service to assist corporations in crypto navigations, such as Bitcoin (BTC). 

Specifically, BCB Group has reportedly made BCB Treasury – a new service built to cater to corporate treasury departments, planning to get themselves associated with Bitcoin à la Tesla. 

The new solution reportedly seeks to offer a particular measure, allowing access to treasury management for firms, having a goal of making investments of their capital into Bitcoin and different crypto assets. 

With BCB Treasury, executives will be able perform a wide array of activities – entering, holding, managing, and reporting – Bitcoin-focused treasury strategy.

Founder and Head of BCB Group Oliver von Landsberg-Sadie reportedly remarked that the release of BCB Treasury took place as a reply to the increasing demand – caused by the recent Bitcoin initiatives from firms such as MicroStrategy and Tesla.

“We are seeing some powerful signals attracting companies to the digital asset space including the debasement of reserve currencies through unprecedented levels of central bank money supply.” The exec reportedly shared that numerous firms are having plans to put resources in crypto to hedge against weak fiat currencies.

In 2020, BCB Group’s core business BCB Payments reportedly obtained regulatory greenlight from the UK’s Financial Conduct Authority.

Situated in London, BCB Group reportedly functions as a top-tier, EU-based crypto payment services provider, catering to several global heavyweights, nominally Coinbase, Gemini, Galaxy Digital, Bitstamp and Kraken.

Tags: , ,