To accomplish this, BCB Group will launch a standalone service called BCB Treasury. The new arm will provide treasury executives with an end-to-end solution to enter, hold, manage, grow, and report on a Bitcoin-focused treasury strategy.
“We are seeing some powerful signals attracting companies to the digital asset space including the debasement of reserve currencies through unprecedented levels of central bank money supply,” he said in the company’s announcement.
The move will expand on the company’s core business BCB Payments, which received regulatory approval from the United Kingdom’s Financial Conduct Authority last year. It provides payment processing for some of the industry’s largest clients such as Bitstamp, Coinbase, Kraken, and Galaxy, in more than 20 fiat and cryptocurrencies.