The National Bank of Bahrain (NBB) announced the launch of the first Bitcoin-linked structured investment product in the Gulf region. This innovative product was developed in partnership with ARP Digital and presented at the Fintech Forward 2024 event.
The new product is aimed exclusively at accredited investors, offering them the opportunity to profit from the long-term growth of Bitcoin while providing full capital protection from losses. Investors can benefit from the rise in Bitcoin prices, with maximum returns capped at a pre-determined level, serving as insurance against the volatility of digital currencies.
Hisham Al-Kurdi, Head of Group Markets and Client Solutions at NBB, stated that the launch of this product demonstrates the bank's commitment to offering clients innovative and secure ways to diversify their investment portfolios.
The Bitcoin-linked structured investment product marks another step in strengthening NBB's leadership in the digital assets and financial innovation market, playing a key role in bolstering Bahrain’s position as a fintech hub in the region.