Standard Asset Company has announced an anticipated $1.5 billion strategy that pairs a Bitcoin reserve with UAE real estate. Coinbase Asset Management will exclusively manage the Bitcoin holdings, and a member of Dubai's royal family is among the backers. The company has not said how the money splits between the two assets.
Standard Asset Company (SAC) has appointed Coinbase Asset Management as exclusive manager of its Bitcoin holdings as part of an anticipated $1.5 billion plan. The company's announcement, published by Gulf News on Oct. 27, places its headquarters in Abu Dhabi Global Market. The portfolio covers digital assets and property, without specifying the amount allocated to each.
A Dubai royal and a Coinbase executive are listed backers
SAC lists Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum, a member of Dubai's royal family, among its advisers and shareholders. Former White House chief of staff Mick Mulvaney, Coinbase Institutional co-CEO Brett Tejpaul and Lord Iain McNicol of the British House of Lords are also named. The sheikh said returns from the digital asset strategy would support hospitality and real estate investments in the Emirates.
Crypto News Flash adds that nothing in the release links Dubai's government or any sovereign fund to the money behind the plan.
Phased purchases and managed yield
SAC's published strategy describes a long-term Bitcoin reserve built through phased purchases, with entry decisions based on valuation and available liquidity. Its proposed managed yield strategy seeks income while accounting for liquidity and counterparty exposure. The strategy also describes custody arrangements, reconciliation of assets and controls over transfers.
Retained proceeds would support further reserve purchases and selected property funding. On the real estate side, the company names UAE hospitality assets and branded residences as its focus.
Regulatory status and open questions
SAC describes itself as a proprietary investment company and says it is not a licensed financial services provider. Its disclosures state that ADGM incorporation does not itself provide financial services authorization or regulatory approval for an investment.
Crypto News Flash reports that SAC has not said how much Bitcoin it owns or plans to buy.
Sources: crypto.news, Crypto News Flash
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