Monochrome Joins Industry Body FinTech Australia
BRISBANE, July 15, 2021 -- Monochrome Asset Management is proud to announce that it is joining FinTech Australia - a leading industry advocacy body in the Australian fintech industry. Australia has one of the world’s most dynamic fintech industries with more than 800 fintech companies in operation across the nation.
Monochrome’s CEO, Jeff Yew, said he was proud to be a part of FinTech Australia’s vast ecosystem of leaders in the space, working together to make Australia the leading market for Fintech innovation and investments.
FinTech Australia CEO Rebecca Schot-Guppy said: "We look forward to working with Monochrome and welcome its expertise on digital assets management and cryptocurrency to our community. It's a growing area of interest for the fintech ecosystem."
Monochrome Asset Management is the Investment Manager of the Monochrome Bitcoin Fund (MBF), which offers wholesale investors institutional-grade access to bitcoin via a secure and regulated investment vehicle.
“There are specific challenges which institutional investors have to overcome when implementing a digital asset treasury or investment strategy; mainly revolving around regulatory clarity, strict acquisition procedures, and custody challenges, which we help address and solve with the launch of the Monochrome Bitcoin Fund,” said Jeff Yew, the founder, and CEO of Monochrome Asset Management.
“The attention towards digital assets has been growing,” says Jeff Yew, the founder, and CEO of Monochrome Asset Management. “At this stage, Monochrome’s client base is made up of family offices and ultra-high-net-worth individuals.
Monochrome is constantly exploring ways to offer regulated, secure, and institutional-grade access to digital assets for more investors in the future, including potentially launching Australia’s first Bitcoin ETF.
“Monochrome is the torchbearer of institutional-grade access to digital assets in Australia, and we are excited to join Fintech Australia and its community of industry experts to increase institutional acceptance of Bitcoin in Australia,” adds Mr. Yew.