Global digital financial services firm, BCB Group, announced the launch of the BCB Treasury. A service for corporate treasury departments wanting to get involved with digital assets. This will help corporations trade, store, and manage cryptocurrencies as part of their treasury strategies.
“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”. BCB Group founder and CEO Oliver von Landsberg-Sadie said.
“Some visionary CEOs, including MicroStrategy’s Michael Saylor and Tesla’s Elon Musk, are tuned into the coming-of-age of digital money and have led the way for the Bitcoin-treasury demand which BCB is well equipped to meet.”
BCB Treasury’s first client is Dubai-based PR and advertising firm Falcon Corporate Services FZC. Falcon has allocated 75% of its corporate treasury. Equivalent to “several million dollars” according to Landsberg-Sadie, into Bitcoin via the BCB Treasury.
BCB Group is Europe’s leading provider of business accounts and trading services for the digital asset economy. They provide accounts and payments processing for the world’s largest digital asset institutions. Including the likes of Coinbase, Galaxy, Bitstamp, and Kraken, in a number of fiat and cryptocurrencies.
BCB Group Dually Regulated
Additionally, BCB Group is the only dual regulated institution to offer clients a complete end-to-end suite of payment processing. Cryptocurrency trading and custody services accessible through a unified API-enabled platform. Allowing clients to access a complete range of digital asset services in one place.
Sentiment in the Bitcoin price remains bullish as institutional investment continues to grow. More and more corporations are looking closer at the possibility of digital assets on their balance sheets.
Elon Musk’s Tesla became the third US-based publicly traded company to invest in Bitcoin after putting $1.5 billion towards the crypto. MicroStrategy and Square were the first two. Reportedly Square’s sister company Twitter is also considering adding Bitcoin to its balance sheet as well.
Corey has been involved in media and writing since graduating from the illustrious Howard University with a degree in Broadcast Journalism. While relatively new to the cryptocurrency world, he has been writing since 2012 with most contributions coming in the sports world on websites such as LakersNation.com and DodgerBlue.com. Corey is also an avid sports fan who closely follows the Lakers, Cowboys, Dodgers, WWE, and UFC.
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