MetaComp and Harvest Global Investments Forge Partnership to Introduce Groundbreaking Bitcoin Spot ETFs

In a groundbreaking partnership, Singapore-based fintech MetaComp and Harvest Global Investments launch innovative bitcoin spot ETFs, integrating digital assets into MetaComp's platform to expand global investment options. This collaboration aligns with Singapore's progressive regulatory stance towards digital assets, fostering innovation while prioritizing investor protection.

MetaComp and Harvest Global Investments Forge Partnership to Introduce Groundbreaking Bitcoin Spot ETFs

Singapore, March 23, 2023 - MetaComp Pte Ltd, a pioneering fintech company headquartered in Singapore, and Harvest Global Investments Limited (HGI), a renowned asset management firm based in Hong Kong, today announced a strategic partnership to launch innovative bitcoin spot exchange-traded funds (ETFs). This collaboration marks a significant milestone in expanding global investment options and integrating advanced digital assets into MetaComp's Client Assets Management Platform (CAMP).

Democratizing Access to Bitcoin Investment

The partnership aims to democratize access to HGI's cutting-edge bitcoin spot ETFs, unlocking opportunities for investors in Singapore and beyond. These ETFs will be seamlessly integrated into MetaComp's robust CAMP, enhancing visibility, accessibility, and liquidity for a diverse client base.

"Our alliance with HGI is a testament to MetaComp's commitment to bridging the gap between traditional finance and the burgeoning cryptocurrency landscape," said Dr. Bo Bai, Chairman and Co-Founder of MetaComp. "Together, we aim to empower investors with a diversified portfolio of wealth solutions that align with evolving market demands."

Leveraging Regulatory Advancements

The partnership coincides with progressive regulatory advancements in Singapore. The Monetary Authority of Singapore (MAS), the country's financial regulatory body, has proposed comprehensive revisions to the Payment Services Act, extending oversight to include digital payment tokens (DPTs), such as cryptocurrencies.

These regulatory changes, effective April 4, 2024, will mandate stringent oversight of DPT-related activities, including custodial services, account transmissions, and cross-border money transfers. The MAS's commitment to fostering innovation while ensuring investor protection creates a favorable environment for the growth of digital asset markets in Singapore.

Enhancing Wealth Solutions and Market Ecosystem

MetaComp's collaboration with HGI not only expands its product offerings but also strengthens its position as a leading provider of wealth solutions. The strategic alliance is poised to generate significant value for both existing and prospective clients, as well as contribute to the overall market ecosystem.

Industry analysts anticipate a strong market response to the MetaComp-HGI partnership, recognizing the transformative potential of these new investment vehicles and the regulatory support they enjoy in Singapore.

"We are thrilled to partner with MetaComp, whose expertise in digital payments and client management complements our asset management capabilities," said a spokesperson for HGI. "This collaboration empowers us to reach a wider audience, enabling investors to participate in the growth of the bitcoin market through regulated and accessible investment channels."

The MetaComp-HGI partnership exemplifies the convergence of traditional finance and the emerging world of cryptocurrencies, paving the way for a more inclusive and investment-friendly digital asset landscape.