Standard Asset Company unveils $1.5 billion Bitcoin and UAE real estate strategy
Photo: Crypto Briefing
The Abu Dhabi-based firm tapped Coinbase Asset Management as exclusive manager of its Bitcoin reserve A new UAE investment firm wants to own hotels, branded apartments, and Bitcoin at the same time. Standard Asset Company has unveiled a $1.5 billion strategy that pairs income-producing UAE real estate with a long-term Bitcoin reserve. The firm announced the plan in Gulf News. It also named Coinbase Asset Management as the exclusive manager of its Bitcoin holdings. Standard Asset Company, also known as Standard Proprietary Company Ltd., describes itself as a proprietary investment firm based in the UAE.
Source: Crypto Briefing
