Claiming skyrocketing demand for cryptocurrencies, deVere Group says it will now be able to offer its clients a fixed-yield bond that tracks futures of Bitcoin and Ether on the Chicago Mercantile Exchange over a one-year maturity period.
“I’m confident that this structured note will prove to be an extremely popular addition to investors’ asset allocation strategy, helping with all-important portfolio diversification,” said Nigel Green, deVere Group CEO and founder.
“In the current era of almost zero interest rates and with inflation becoming a growing and serious issue, the rate of return on most investors’ money is important to consider.
“This proposition - a buy-and-hold to maturity one with principal protections in place – will give investors access to potentially higher income or growth which other options may not be able to offer.
“The decision to launch a fixed yield solution linked to Bitcoin and Ethereum (Ether) futures was made to cater to the soaring client demand regarding cryptocurrencies.
“Digital currencies are widely regarded as the future of money, which is evidenced by the growing institutional investment from Wall Street giants and multinationals. And in today’s digitalised, globalised world, the retail demand for digital, global currencies in some form – is only set to grow.”
According to Green, crypto is a burgeoning asset class and it’s one that is set to play a larger and larger role within the global financial system - and as such, “it is imperative that we offer comprehensive access to digital assets so that clients can have a diversified portfolio to mitigate risks and to seize opportunities.”