Business
‘The ICOA Fund’: The Revealed Brand Name of Soon-To-Launch BTC-denominated Fund
‘The ICOA Fund’: The Revealed Brand Name of Soon-To-Launch BTC-denominated Fund.
About this update from Icoa, Inc.
[{"type":"text","content":"\n LAS VEGAS, NEVADA, April 22, 2022 (GLOBE NEWSWIRE) -- BGBF, a Southeast Asia Bitcoin-denominated fund that will be launching its highly-anticipated second sub-fund in early May 2022, has announced that ‘The ICOA Fund’ will be the official brand name of this second sub-fund.  Set to be a Monetary Authority of Singapore (MAS)-regulated fund, this second sub-fund has so far been referred to by its working title of ‘BGBF-2’.  The rationale behind choosing The ICOA Fund as the brand name is to deepen and demonstrate the strong bond and collaboration it will have with its parent company, ICOA Inc.  ICOA Inc. as the parent company, and The ICOA Fund as a subsidiary brand, will undoubtedly draw from the other’s reputational strengths and networks. Together, they will more powerfully increase the awareness and reach of the ICOA brand, with the overt connection between parent and sub-fund allowing for joint marketing opportunities and efficiencies. BGBF’s holding company, BCMG, was acquired in late 2021 by ICOA Inc. (OTC PINK: ICOA). ICOA Inc.is a publicly traded Nevada-based company operating in the fintech, blockchain, decentralized finance (DeFi), and cryptocurrency spaces through strategic acquisitions and joint ventures. The ICOA Fund will launch with a hard commitment of 2000 BTC. It will invest exclusively in BTC and BTC Derivatives, and offer insurance coverage and underwriting for public offering security insurance (POSI). The new fund will retain the strap-line of ‘Multiplying Bitcoins’ used by BGBF’s first fund, BGBF-1. Details on the trading philosophy and investment structure behind The ICOA Fund will be announced at launch. As a summary: A maximum of 70% will go towards three BTC yield generating sub-strategies;A maximum of 30% will be invested into Market Making and liquidity pools of carefully selected projects. ICOA Inc.’s CEO Hadria Wong comments: “ICOA and BGBF effortlessly connect on our collective core mission of bridging traditional finance and virtual assets. As we have learned through working alongside each of our subsidiaries, our ecosystem is much more powerful when we combine forces and lean on each other. The ICOA team is thrilled to soon launch ‘The ICOA Fund’ and turn it into a great success and opportunity fo...