Kiffmeister’s #Fintech Daily Digest (08/29/2020)

Fidelity Files For New Bitcoin Fund

Fidelity has filed paperwork with the U.S. Securities and Exchange Commission informing them of a new fund dedicated to bitcoin. The Wise Origin Bitcoin Index Fund I, LP was incorporated this year and is being run from the Fidelity’s Boston headquarters. The early documentation provides little in the way of details about the fund, and shows that zero investors have currently participated. But the minimum investment to join the pooled investment fund is $100,000, indicating this is likely only for institutional and accredited investors. 

SC Inks Fintech Cooperation Agreement with OJK, Expanding Collaboration Between Malaysia and Indonesia

The Securities Commission Malaysia and Indonesia’s Otoritas Jasa Keuangan established a collaborative framework to develop the fintech ecosystem in both markets. It aims to facilitate information sharing on emerging fintech trends and regulatory developments, provide joint innovation project opportunities and facilitate referrals of fintech businesses seeking to operate in each other’s jurisdiction. 

Posted from Diigo: