Standard Asset Co. announced a planned $1.5 billion strategy pairing a long-term Bitcoin reserve with income-generating UAE real estate on one platform, from its new ADGM headquarters in Abu Dhabi. Bitcoin Treasuries
The company said Coinbase Asset Management will act as exclusive manager for its Bitcoin holdings, with Coinbase Institutional Co-CEO Brett Tejpaul quoted in support. Bitcoin Magazine
Its own site describes income from UAE hospitality and branded residences plus managed yield from a phased Bitcoin reserve, with capital recycled between property, Bitcoin and liquidity. Standard Asset Co.
It presents founders Sakhib Waseem, Adam Ali and Mason Borda, plus advisers and shareholders including Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum, former White House chief of staff Mick Mulvaney, Tejpaul and Lord Iain McNicol. Gulf News
The company announced it on X on Oct. 28. StandardAssetCo
No split between Bitcoin and real estate, purchase timetable or wallet has been disclosed, so reports of a $1.5 billion Bitcoin buy overstate a planned combined allocation.