London 15th February 2022 – BCB Group, Europe’s leading provider of business accounts and trading services for the digital asset economy, today announced the launch of BCB Yield, a product that lets customers earn a return on both fiat or crypto funds.
This latest development in BCB’s growth strategy builds on opportunities that exist in fiat lending for crypto market participants. The cryptocurrency market has grown to over $2 trillion and is driving huge demand for short term borrowing to fund trading operations or short term treasury requirements. This comes at a time when low yielding traditional finance vehicles are experiencing poor or even negative returns.
BCB Yield offers multiple options for customers to earn a return on their balance with the BCB Securities Fund, a first of a kind investment vehicle, allowing customers to invest a range of currencies for a fixed period of time to earn from 2%+ APY on Euros and potentially higher returns on other currencies with up to 8% APY on USD. Within the fund customers can choose to invest both fiat and crypto with a minimum term being 30 days. Customers are issued a 30, 60 or 90 day note, which works in a similar way to a bond, generating a return much greater than those in traditional finance.
The BCB Securities Fund represents the first step in a broader range of Yield options that will be launching this year with a focus on solutions that utilise selected DeFi protocols and products that connect traditional finance with the new world of crypto. BCB Yield is now open to existing clients and institutional clients who currently do not bank with BCB but are interested in the digital lending market and wish to significantly outperform traditional markets.
BCB Group Founder and CEO, Oliver von Landsberg-Sadie commented: “This is a hugely exciting development for BCB customers who can now access a brand new set of features designed to earn a return on their balance while offering a genuine alternative to low yielding traditional finance vehicles. The crypto markets are generating phenomenal innovation and as a multi-regulated institution, serving both the traditional finance and crypto industry, we are uniquely positioned to leverage both markets to generate sustainable market risk-neutral returns.”
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About BCB Group
BCB Group is Europe’s leading crypto-dedicated payment services provider, serving some of the industry’s largest clients including Bitstamp, Circle, Galaxy, Gemini, Huobi and Kraken. BCB Group provides payment services in 20+ currencies, FX, cryptocurrency liquidity and digital asset custody.
Responding to institutional demand for operational best practice in digital asset markets, BCB Group was created by established thought leaders in finance, regulation and technology. Founded in the UK and developed to encompass key relationships across global financial services communities, BCB Group is well positioned as one of the first multi-jurisdictional regulated cryptocurrency service firms. BCB Group’s executive team have worked for Barclays, Credit Suisse, Deutsche Bank, Investec, Lloyds Commercial Bank, Norton Rose Fulbright, FIS and Sun Life of Canada.
The information contained in this press release is intended for use and publication by journalists and should not be relied upon by private investors or any other persons to make financial decisions. BCB Yield is not regulated by the Financial Conduct Authority and is not currently a regulated activity under the Financial Services and Markets Act 2000. No protection is available under the Financial Services Compensation Scheme or the Financial Ombudsman Service in respect of BCB Yield. BCB Yield is not available to customers who would be classified as consumers or retail customers under FCA Rules. Furthermore, the material contained herein is for informational purposes only and should not be construed as an offer, solicitation of an offer, or an inducement to buy or sell cryptocurrencies or any equivalents, or engage in any financial activity of any kind, either generally or in any jurisdiction where the offer or sale is not permitted. All of the views expressed about the markets, cryptocurrencies and stakeholders in this press comment accurately reflect the personal views of BCB Group. While opinions stated are honestly held, they are not guarantees and should not be relied on. The information or opinions provided should not be taken as specific advice on the merits of any investment decision. This press release may contain statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, new legislation and regulatory actions, competitive and general economic factors and conditions and the occurrence of unexpected events. Past performance of bitcoin and other cryptocurrencies is not a viable indication of future performance with actual results possibly differing materially from those stated herein. Your capital is at risk when investing in BCB Yield.