Monochrome Group, an Australian crypto asset firm, has recently made significant strides in the Southeast Asia crypto market. The company has approval for its Ethereum and Bitcoin Exchange-Traded Funds (ETFs) from the Monetary Authority of Singapore (MAS). This development marks a crucial move into the region as institutional demand for regulated digital asset products surges. Monochrome’s latest initiative highlights a commitment to creating a sustainable, compliant crypto infrastructure. This move aims to support institutional investors, ensuring long-term growth and stability within the crypto space. Monochrome Group’s Strategic Bitcoin Expansion Monochrome’s registration of its Bitcoin (IBTC) and Ethereum (IETH) ETFs with the Monetary Authority of Singapore (MAS) is a key milestone. These products open the doors for institutional investors in Singapore and Southeast Asia. In an interview, CEO Jeff Yew emphasized the company’s long-term goal is not merely to chase market trends. Rather, it is to build a solid foundation for digital asset investment. He states that these ETFs are restricted to only accredited investors who meet a minimum S$200,000 transaction threshold. Notably, this requirement is in line with Singapore’s financial regulations. Additionally, these investment digital products offer both Bitcoin (BTC) and cash subscriptions, addressing institutional needs. Looking ahead, Monochrome has plans to expand its presence within Southeast Asia by opening regional offices in 2025. This expansion will focus on regulatory compliance and building stronger ties with institutions across the region. This builds on the company’s previous success in launching Australia’s first spot Ethereum ETF in October 2024. This further cements its position as a leader in regulated crypto asset products. Monochrome Group Strengthens Security and Institutional Confidence Security remains a top concern for institutional investors in the crypto space, and Monochrome is addressing this challenge head-on. The firm has partnered with Anadara Capital to enhance its institutional services while also onboarding BitGo Trust Company for custody services. This collaboration ensures the safety of the firm’s ETF products, providing the secure infrastructure that institutional investors demand. This move further solidifies the company’s commitment to providing a secure, compliant, and stable environment for investors. Interestingly, many crypto assets managers, like Monochrome, have launched wide arrays of regulated digital investment products to institutional investors. Some of these companies include Grayscale , Bitwise, Fidelity Digital Assets and not limited to CoinShares. A Response to Market Instability The timing of Monochrome’s expansion is notable, coming amidst a broader market downturn. The recent market drop wiped out 11.4% of the crypto market’s total value. This downward trend coincides with the pool of unprocessed transactions on the Bitcoin network recently saw a swift depletion. Despite the market turbulence, Yew remains unshaken. He views Bitcoin as a unique commodity, unaffected by short-term volatility, which is largely driven by fluctuating demand. He pointed out that Bitcoin’s ability to survive through different economic conditions makes it a strong choice for institutional investors. The post Monochrome Floats Bitcoin and Ethereum ETFs In Southeast Asia appeared first on TheCoinrise.com .
