BCB Group, a global digital financial services firm, is planning to assist corporations navigate cryptocurrencies like Bitcoin (BTC) past launching a defended service.

According to a February. xix proclamation, BCB Group has launched BCB Treasury, a new service designed for corporate treasury departments seeking to go involved in Bitcoin à la Tesla.

The new service aims to provide a specific solution enabling admission to treasury management for companies willing to invest their capital into Bitcoin and other digital avails. With BCB Treasury, executives tin enter, hold, manage, and report on a Bitcoin-focused treasury strategy, the proclamation states.

BCB Group founder and CEO Oliver von Landsberg-Sadie said that the launch of BCB Treasury comes in response to growing need triggered past the contempo Bitcoin moves of companies like MicroStrategy and Tesla. The exec said that lots of companies are looking to invest in crypto to hedge against weak fiat currencies:

"Nosotros are seeing some powerful signals attracting companies to the digital nugget space including the debasement of reserve currencies through unprecedented levels of central bank money supply."

Last year, BCB Grouping's core business BCB Payments received regulatory approval from the United Kingdom'south Financial Conduct Authorisation.

Headquartered in London, BCB Group is a major European crypto payment services provider, serving some of the world's largest crypto companies like Coinbase, Gemini, Galaxy Digital, Bitstamp and Kraken. In early on Feb, the house appointed former Coinbase UK CEO Zeeshan Feroz as an advisor.