Standard Asset Company unveils $1.5B Bitcoin and UAE property strategy

Standard Asset Company has announced an anticipated $1.5 billion strategy combining a Coinbase-managed Bitcoin reserve with UAE real estate investments, with a Dubai royal family member among its backers. Standard Asset Company plans to combine Bitcoin holdings with investments in UAE real estate. Coinbase Asset Management will exclusively manage the company’s Bitcoin reserve. Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum is among its advisers and shareholders. The company’s published strategy describes phased Bitcoin purchases and managed yield. Standard Asset Company’s announcement, published by Gulf News on Oct. 27, places its headquarters in Abu Dhabi Global Market.