BCB Group, the UK-based digital financial services firm, has planned to help corporations navigate cryptocurrencies lik30Bitcoin (BTC) by launching a dedicated service.
It has been reported that BCB Group has launched BCB Treasury, a new service designed for corporate treasury departments seeking to get involved in Bitcoin à la Tesla.
However, the new service aims to provide a specific solution enabling access to treasury management for companies willing to invest their capital into Bitcoin and other digital assets. With BCB Treasury, executives can enter, hold, manage, and report on a Bitcoin-focused treasury strategy.
Oliver von Landsberg-Sadie, the founder and CEO of BCB Group, said that the launch of BCB Treasury comes in response to growing demand triggered by the recent Bitcoin moves of companies like MicroStrategy and Tesla.
Corporations may have a new way to add #Bitcoin to their balance sheet, thanks to BCB Group. They will launch a dedicated treasury service for companies interested in having exposure to BTC. https://t.co/ACiaagK2EQ (Reporting via @coindanslecoin) — Cointelegraph (@Cointelegraph) February 20, 2021
Headquartered in London, BCB Group is a major European crypto payment services provider, serving some of the world’s largest crypto companies like Coinbase, Gemini, Galaxy Digital, Bitstamp, and Kraken.
He said that lots of companies are looking to invest in crypto to hedge against weak fiat currencies.
Oliver added:
“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.”
Last year, BCB Group’s core business BCB Payments received regulatory approval from the United Kingdom’s Financial Conduct Authority.
Thus, in early February, the firm appointed former Coinbase UK CEO Zeeshan Feroz as an advisor.
Source: Cointelegraph