BCB Group’s New DeFi Yield Product Offers Investors Attractive Returns
London, 11th October 2022 – BCB Group – a leading provider of business accounts and trading services for the digital asset economy, announces the launch of its latest new investment strategy – DeFi Yield – and appoints Re7 Capital as the fund manager for this strategy.
Earlier this year, BCB Group successfully launched BCB Yield, a specialised open-ended investment vehicle that allows professional investors to generate attractive returns by making investments in the crypto industry while maintaining full flexibility and liquidity of their capital. The first available investment strategy deployed by BCB Yield was institutionalised lending to market makers in the crypto industry. Now BCB Group announces that it has added a new Decentralised Finance – DeFi – strategy to BCB Yield in partnership with Re7 Capital. BCB Group is the first and currently only regulated institution compliantly creating and offering multi-currency yield products.
The new DeFi strategy allows professional investors easy access to a fast-growing investment market that has generated substantial returns – even during the recent challenging times in the capital markets. The flexible, open-ended fund structure allows it to serve clients as an integrated part of their next-generation cash and liquidity management, where cash on the balance sheet is put more actively to work while maintaining liquidity on a monthly basis. Re7 Capital adopts a series of different market-neutral strategies within DeFi, like automated market making, stablecoin arbitrage and liquidity pool lending, to generate returns to investors. The strategy incorporates strong risk practices which are in place to ensure investors are safe as they access this exciting opportunity.
“We are delighted to announce this new strategy and the appointment of the Re7 Capital team, who have a strong background in investment management and are embedded within the DeFi ecosystem. BCB Yield is designed to give our clients access to a new asset class for investment in a streamline way, helping clients turn a passive balance sheet into an active investment.” says Michael Kourtis, Executive Director – Product – Markets (Trading & Yield) at BCB Group. “Together with Re7 Capital, we can provide exposure into a high growth area that has now over $100bn of locked value in protocols, compared to $200mn in early 2020”.
“BCB Group shares our vision for making web3 investment products accessible and easier to use for a broader market and to do that in full compliance with regulations” says Evgeny Gokhberg, Managing Partner at Re7 Capital. “The DeFi investment strategies we bring to investors here are not investments into crypto assets as such, but investments leveraging the dynamics and growth of the crypto industry”.
Future versions of BCB Yield will offer more options for yield generation through vehicles such as DeFi lending, Farming and Staking, Decentralised Funds and Crypto Fund of Funds.
With a dedicated focus on institutional payment services, BCB Group provides business accounts, cryptocurrency and foreign exchange market liquidity for some of the world’s largest crypto-engaged financial institutions. BCB Group is the only multi-regulated institution of its kind to offer clients a complete end-to-end suite of payment processing, cryptocurrency trading, investment strategies and custody services accessible through a unified API-enabled platform, allowing clients to access an entire range of digital asset services in one place.
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About BCB Group
BCB Group is a leading crypto-dedicated payment services provider, serving many of the industry’s largest clients including Bitstamp, Crypto.com, Fireblocks, Galaxy, Gemini, Huobi and Kraken. BCB Group provides payment services in over 30 currencies, FX, cryptocurrency liquidity, digital asset custody and BLINC, which is BCB’s free, instant settlements network for the BCB client ecosystem.
Responding to corporate and institutional demand for essential and excellent infrastructure 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 leadership executive team have worked for Barclays, Paysafe, Bitstamp, Coinbase, Credit Suisse, Deutsche Bank, FIS, Goldman Sachs, JP Morgan, Investec, Lloyds Commercial Bank, Luno, Norton Rose Fulbright, FIS and Sun Life of Canada.
BCB’s mission is to connect and bank the global crypto industry.
About Re7 Capital
Re7 Capital Ltd is a London-based investment business focused on Decentralised Finance (DeFi). The company provides strategic liquidity into DeFi to shape the financial ecosystem of tomorrow.
It was founded in 2021 by Evgeny Gokhberg, who previously spent a decade in hedge funds and wealth management, and more recently worked in an early-stage blockchain start-up.
The Re7 Capital team has a strong background in investment management, data science and crypto.
Re7 Capital’s investment approach follows a fixed income-style market-neutral strategy. This approach utilises stablecoins, deployed across the DeFi ecosystem to capture double-digit yields available in the market. The team harnesses a data-driven approach, where fundamental analysis is enhanced by running blockchain infrastructure feeding real-time data and analytics.
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. 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 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 in other related cryptocurrencies is not a viable indication of future performance with actual results possibly differing materially from those stated herein. Investments in cryptocurrencies are not currently regulated by the Financial Conduct Authority. Your capital is at risk when investing in cryptocurrencies. This product is provided by BCB Group Securities (the “Fund“), managed by BCB Group Management Sàrl, a company incorporated under the laws of Luxembourg and registered in the Luxembourg Register of Commerce and Companies under number B257021 (the “Manager”). The Fund is a securitisation fund established under the Luxembourg law relating to securitisation of 22nd March 2004. Neither the Fund nor the Manager is currently regulated by the Commission de Surveillance du Secteur Financier (CSSF).