The National Bank of Bahrain (NBB) has partnered with APR Digital to launch the Gulf Cooperation Council’s (GCC) first Bitcoin-linked structured investment product. This innovative fund aims to provide accredited investors with exposure to the leading cryptocurrency, representing a significant step forward for Bitcoin adoption in Bahrain. Notably, Bahrain already ranks among the countries with the largest Bitcoin holdings globally.

NBB Introduces Pioneering Bitcoin Investment Fund

The NBB’s new Bitcoin investment fund marks a first for the GCC region, which includes Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, and Bahrain. As reported by IBS Intelligence, the fund is tailored for accredited investors seeking Bitcoin exposure while hedging against potential fiat currency devaluation.

Hisham AlKurdi, Group Chief Executive of Markets & Client Solutions at NBB, commented on the launch:

“We’re proud to introduce this custom structured investment product, combining the appeal of digital asset exposure with capital protection. This offering underscores our commitment to providing wealth management clients with innovative and secure ways to diversify their portfolios in today’s evolving investment landscape. It demonstrates NBB’s continued leadership in financial innovation within the region.”

This Bitcoin fund aligns with NBB’s strategy to expand its wealth management offerings, particularly focusing on high-growth potential investments. The bank recognizes Bitcoin’s potential to become an increasingly valuable global currency.

Accelerating Bitcoin Adoption in Bahrain

The introduction of NBB’s Bitcoin investment fund marks a significant milestone for cryptocurrency adoption in Bahrain. According to Bitcoin Treasuries data, Bahrain currently ranks as the fifth-largest government holder of Bitcoin, with 13,166 BTC valued at approximately $844 million.

Unlike some countries that have acquired Bitcoin primarily through seizures, Bahrain has actively accumulated the cryptocurrency. The Central Bank of Bahrain (CBB) has implemented a clear regulatory framework to foster digital asset adoption, including Bitcoin.

Recently, the CBB granted a payment service license to cryptocurrency exchange Crypto.com, enabling the platform to offer crypto services to Bahraini users alongside other leading exchanges operating in the country. This move further solidifies Bahrain’s position as a crypto-friendly jurisdiction in the region.