• Credova announced that it has allocated a portion of its treasury assets to the IDX Risk Management Bitcoin Mutual Fund. Credova, a buy-now-pay-later company, today said it has allocated a portion of its treasury assets to the IDX Risk Management Bitcoin Mutual Fund.
  • Credova Financial is the premier point-of-sale financing platform for outdoor sports products, offering buy now, pay later options for merchants with brick-and-mortar retail stores and integrated API e-commerce solutions.
  • The information provided does not take into account the objectives or circumstances of the particular investor, nor does it recommend a specific course of action.

Fintech has come a long way in the last decade or so. Since necessity is the mother of invention, the need for new financial tools is evident as humanity emerges from the 2008 recession. In today's world, cryptocurrencies and buy now, pay later are two of the most powerful and widely used technologies. Two truly innovative commodities that can meet a wide range of economic needs. With the first-of-its-kind announcement, we see the cross-pollination of BNPL and cryptocurrencies.

Claydova's background

Credova announced that it has allocated a portion of its treasury assets to the IDX Risk Management Bitcoin Mutual Fund. Credova, a buy-now-pay-later company, said today that it has allocated a portion of its treasury assets to the IDX Risk Management Bitcoin Mutual Fund (BTIDX). One of the most important advances in financial technology is digital assets and currencies, said Dusty Wunderlich, CEO of Credova. The breakthrough comes at a critical time in the history of fiat currencies and central bank policy. In a highly inflationary environment, I see the allocation of digital assets as a financially responsible gesture for companies looking to protect liquid assets.

Because this new asset class works through price formation and volatility, IDX is the perfect partner to handle digital assets responsibly. Credova Financial is a great example of the type of companies our fund intends to provide exposure to, said Andrew Swan, CEO of IDX. As Bitcoin's popularity continues to rise, institutional and corporate investors are looking for exposure to this asset class for risk management purposes, especially if they are corporate funds that may need access to the cash at any time.

Credova Financial is the premier point-of-sale financing platform for outdoor sports products, offering buy now, pay later options for merchants with brick-and-mortar retail stores and integrated API e-commerce solutions. Consumers can use the Credova platform and connected API solutions to access different financing options for their purchases, allowing them to buy now and pay later.

IDX is an acronym for Internet Data Exchange

IDX Risk Management Bitcoin Fund (BTDIX), along with IDX Risk Management Bitcoin Trust, IDX Risk Management Ether Trust and IDX Risk Weighted DeFi Trust, is an SEC-regulated asset management firm with $600 million in AUM/AUA . Investment advisor registration does not imply any level of expertise or training. Before investing, you should carefully evaluate investment objectives, risks, fees and expenses. Please read the prospectus carefully before investing. This information is not intended as investment advice or recommendation, nor does it represent an invitation to buy or sell securities. It also does not provide a fiduciary role.

The information provided does not take into account the objectives or circumstances of the particular investor and does not recommend a specific course of action. Investment decisions should be made in consultation with the investor's advisor and based on the investor's objectives and circumstances.

Also Read: Bitcoin Adversely Affected as U.S. Inflation Reaches 7.9%