Bonds backed by bitcoin are emerging as innovative ways to repackage bitcoin exposure and monetise crypto-holdings, but a risk management framework is vital. For better or for worse, bitcoin and other cryptoassets are finding their way into the mainstream. The institutional acceptance of bitcoin is a well-established fact. A growing proportion of traditional investors now reserve a small portion of their portfolios for cryptoassets. There are a few different ways they can take this exposure. The first is the most obvious: actually buy and hold cryptoassets. While conceptually simple, this is not necessarily easy for ... (full story)