Standard Asset Company, a new proprietary firm registered in Abu Dhabi, plans to acquire hotels and branded residences in the UAE to fund a phased Bitcoin reserve. The company is targeting a total of $1.5 billion over 10 years and intends to review its allocations every quarter. Coinbase Asset Management has been named the exclusive manager of the Bitcoin reserve, although its managed yield strategies have not been detailed. The split between real estate and Bitcoin remains undisclosed, as do the first property acquisitions and the pace of Bitcoin purchases.
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