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    Home»News»Cryptocurrency»BBVA launches a digital investment fund and blockchain technology in Mexico

    BBVA launches a digital investment fund and blockchain technology in Mexico

    MatthewBy MatthewOctober 22, 2022No Comments3 Mins Read
    BBVA launches a digital investment fund and blockchain technology in Mexico
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    Mexico’s BBVA bank launched a new investment fund specialized in blockchain technology and economics digitalwith this new strategy, the firm seeks to enhance the opportunities to attract investment, especially to the new generations.

    The instrument calledThe BBVADIG Investment Fund”, offers exposure based on three general concepts of blockchain and digital economy: fintech, Web3 and tokensLikewise, it will be focused on actions of digital economy companies such as Meta, Coinbase, among others.

    Jaime Lázaro, General Director of Asset Management at BBVA México, commented that the changes brought about in society by information and communication technologies in the last two decades have led it to experience a “true digital revolution”.

    In this regard, he explained that The objective of the fund’s strategy adopts a fundamental, flexible and continuous improvement philosophy, with an execution designed to create a balance in three fundamental axessuch as the corporate narrative, the numbers and the notion of the blockchain context and the digital economy, and which was also implemented with the participation of companies listed in the International Quotation System (SIC).

    So, in your opinion, it is a crucial moment for those who want to invest in fintech companies, open banking, artificial intelligence (AI) or blockchain technology. Likewise, he maintained that “theThe same low prices that exist in assets such as shares can be an entry window.”

    “It is not a variable return fund as we are used to. We want that, to the extent that these technologies permeate commercial and personal relationships in the future, we have a vehicle that gives exposure to our investors,” he said at the presentation of the fund, Lázaro.

    For his part, the general director of Customer Solutions at BBVA Mexico, Hugo Nájera, indicated that:

    Read:  These are the three cryptocurrencies that rose more than 40% in the last week

    “The digital economy will help promote economic growth and enhance investment attraction opportunities. With this strategy we seek to capture profitability for our clients based on the expansion of cloud technology, digital assets, Blockchain and the new generation internet”, said the general director, Hugo Nájera.

    As detailed in the statement, this is the first investment fund launched by the financial entity in Mexico, which implies a new step that allows the incorporation of digital economy strategies to the investment portfolio.

    The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information set forth herein should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.

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    Investments in crypto assets are not regulated. They may not be suitable for retail investors and the full amount invested may be lost. The services or products offered are not aimed at or accessible to investors in Spain.

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