M2 partners with Phoenix Group and sets sights on becoming a champion
M2 the new home of crypto investments, has announced a pioneering collaboration with the IPO ready Phoenix Group to offer investors market leading Bitcoin and Ethereum yields, up to 10.5%, backed by one of the world’s largest Bitcoin mining operations. The strategic alliance brings together the innovative UAE based entities and will reduce the level of counter party risk and in turn minimise volatility for investors wanting to gain exposure to cryptocurrency.
Stefan Kimmel, M2, CEO, said: “The industry leading collaboration between M2 and Phoenix Group has allowed us to design a product that utilizes Bitcoin mining to offer genuine returns for investors. Most investment platforms that offer yield returns on crypto provide it through one of two routes. The first route is proof of stake, which can result in some modest returns, alternatively the mechanic involves lending it out, and this incurs a considerable amount of counter-party risk. In our case, we are generating our returns predominantly with Bitcoin mining, which underpins the M2 Earn product.”
Setting its sights on a decade of innovation and regulatory excellence, M2 has aligned itself with Abu Dhabi’s Economic vision, embracing regulatory standards in the UAE and the markets where the platform is available to investors. M2’s financial protocols are capable of reconciling client and M2 funds in near time, providing the highest levels of transparency to regulators and ensuring liquidity remains in place at all times.
The strategic partnership with Phoenix Group empowers M2 to offer investors the assurance of investment yields based on real returns, which are generated via a 725MW Bitcoin mining operation. Founded in 2017 by Bijan Alizadeh and Munaf Ali, Phoenix is set to be the first privately owned crypto and blockchain entity to be listed on a Middle East stock market.
Bijan Alizadeh, Phoenix Group : Co – Founder and Group CEO
M2 : Founder and Managing Director
“Phoenix vision was to set up and build an established UAE Crypto exchange, with full services for both retail and institutional investors and seeing this come to fruition is a very proud moment for us. With this strategic partnership we are in a position to provide unparalleled returns backed by the worlds largest bitcoin mining operations. We are delighted to announce this partnership which further cements the M2 and Phoenix proposition towards a collective vision, building the future of finance on secure and regulated investment products for all investors.”
Taking its first steps on the journey to becoming a champion of crypto innovation, the M2 platform is live and offering investors the opportunity to invest in the virtual asset space via a range of high-quality investment products that exceed regulatory requirements, addressing the needs of retail and institutional clients.
At its core, M2 provides a secure, trusted and transparent digital asset platform achieved by reporting all virtual asset activities to the regulators along with a robust internal and external audit process. M2 has obtained a Bahamas License issued by the Securities Commission of the Bahamas (SCB), which enables it to offer the M2 Earn product to a global audience. M2 is also actively pursuing licenses in several European countries and navigating the Markets in Crypto Assets (MiCA) licensing process.
With a strong commitment to regulatory compliance and innovative product offerings, M2 is poised to establish itself as leader in the digital asset sector, contributing to Abu Dhabi’s emergence as a global crypto innovation hub.
Last Updated on 1 year by News Desk 1
