IDEG Coinbase Custody Launch Bitcoin Trusts in Apparent First For Asia

Digital asset manager IDEG is launching what it claims are Asia’s first Bitcoin (BTC) trusts.
The two new funds — Asia Bitcoin Trust I and Atlas Mining Trust I — were officially announced in a press release on Dec. 8, confirming an earlier disclosure from the firm in Hong Kong in late November.
Coinbase Custody will act as custodian for both trusts, with Asia-based Profound Trust Company acting as trustee. The combined size of the two trusts is $200 million. more