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BTCS Considers Anchor Bitcoin Allocation to CMCC Global's Tokenized LBAF Fund

BTCS S.A. is weighing an anchor allocation of a triple-digit amount of Bitcoin to CMCC Global's tokenized Liberty Bitcoin Accumulation Fund under a nonbinding agreement. The development follows CMCC Global's partnership with Tether's Hadron platform and Bitfinex Securities to tokenize two fund strategies under El Salvador's regulatory framework. The offerings comprise LBAF, issued at 0.0001 BTC per token targeting net annualized returns of 8% to 12% in BTC terms, alongside Crest, a US dollar-denominated fund priced at $10 per token aiming to outperform Treasury-bill yields.

Category

Bitcoin

Sentiment

Bullish

Event

Product partnership

Reading time

1 min