Friday, May 27 2022

LAS VEGAS, NEVADA, April 22, 2022 (GLOBE NEWSWIRE) — BGBF, a Southeast Asian Bitcoin-denominated fund that will launch its highly anticipated second sub-fund in early May 2022, announced that “The ICOA’ Fund will be the official mark of this second compartment.

Intended to be a fund regulated by the Monetary Authority of Singapore (MAS), this second sub-fund has so far been referred to by its working title of “BGBF-2”.

The rationale for the choice The ICOA Fund as the brand name should deepen and demonstrate the strong connection and collaboration it will have with its parent company, ICOA Inc.

ICOA Inc. as parent company, and the ICOA funds as a subsidiary brand, will undoubtedly rely on each other’s reputational strengths and networks. Together, they will more powerfully increase the awareness and reach of the ICOA brand, with the overt connection between the parent company and the sub-fund allowing for joint marketing opportunities and efficiencies.

BGBF’s holding company, BCMG, was acquired at the end of 2021 by ICOA Inc. (OTC PINK: ICOA). ICOA Inc. is a Nevada-based publicly traded company operating in fintech, blockchain, decentralized finance (DeFi), and cryptocurrency through strategic acquisitions and joint ventures.

the ICOA funds will be launched with a firm commitment of 2000 BTC. It will invest exclusively in BTC and BTC Derivatives, and provide insurance coverage and underwriting for the Public Offering of Security Insurance (POSI). The new fund will retain the slogan “Multiply Bitcoins” used by BGBF’s first fund, BGBF-1.

Details on the trading philosophy and investment structure behind the ICOA funds will be announced at launch. In summary :

  1. A maximum of 70% will go towards three yield-generating BTC sub-strategies;
  2. A maximum of 30% will be invested in market making and carefully selected project liquidity pools.

Hadria Wong, CEO of ICOA Inc. comments, “ICOA and BGBF connect effortlessly to our core collective mission of bridging traditional finance and virtual assets. As we have learned working alongside each of our subsidiaries, our ecosystem is much stronger when we join forces and support each other. The ICOA team is excited to launch soon’The ICOA’ Fund and make it a great success and an opportunity for our investors.

High level information on the ICOA Fund is always available at www.BGBF.fund. The new www.icoa.fund URL will go live within the next 24 hours. Please note that a brand transition will be in operation for the next week. Visitors to the website are therefore advised that references to BGBF-2 may still exist until the official launch of the ICOA Fund in early May 2022.

For more information about ICOA Inc., please visit icoa.tech or the official ICOA Twitter here.

For more information, please contact [email protected]

About the ICOA

ICOA is a Nevada-based publicly traded company operating in fintech, blockchain, decentralized finance (DeFi), and cryptocurrency. Establishing itself as a heavyweight in the innovative technology space by introducing millions of people – in forty states – to wired and wireless broadband networks, ICOA is now turning its sights to the next wave of transformative technology – blockchain.

ICOA’s highly experienced team supports its investors through strategic acquisitions, identifying the most promising and exciting opportunities across the entire blockchain ecosystem. By acquiring or partnering with a deliberately chosen range of projects or teams in key verticals, ICOA fulfills its mission to bring digital assets to every portfolio and make blockchain opportunities accessible and safe for investors. individuals and institutions.

For more information on ICOA, visit its website here.

About BBG

BGBF is the first fund in Southeast Asia insured by POSI, denominated in Bitcoin and regulated by the Monetary Authority of Singapore (MAS). A unique fund with a Bitcoin (BTC) in, Bitcoin out structure, BGBF multiplies its clients’ BTC while providing them with unprecedented additional security measures, so they can be confident that their assets are in safe hands .

Open to accredited investors under the jurisdiction of Singapore, BGBF offers guaranteed returns through an innovative investment strategy and offers convenience through effortless FIAT conversions. Investing in BTC has never been easier or more reliable.

In late 2021, BGBF’s holding company, BCMG, was acquired by ICOA, a Nevada-based publicly traded company operating in fintech, blockchain, decentralized finance (DeFi) and cryptocurrency. . BGBF lends itself perfectly to ICOA’s mission to bridge traditional finance and virtual assets.

For more information, visit the GBBF website here.

SAFETY STATEMENT:

This press release contains forward-looking statements which can be identified by words such as “believes”, “expects”, “potential”, “plans”, “suggests”, “may”, “should”, “could”. “, ” to the intention of “. », or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from future results implied by such statements. These factors include, but are not limited to, our ability to continue to improve our products and systems to meet industry changes, our ability to expand our customer base and retain existing customers, our ability to compete effectively in our market segment, the lack of public information about our company, our ability to raise sufficient capital to fund our business, our operations, our ability to continue our operations and a limited public market for our common stock, among other risks. Many factors are difficult to accurately predict and are generally beyond the company’s control. Forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update forward-looking statements to reflect circumstances or events that occur after the date on which the forward-looking statements are made.

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