BAFX Whitepaper

Executive Summary

BAFX is a regulated investment structure designed to give all investor classes — institutional allocators, family offices, HNW/UHNW, and eligible retail, secure, governed access to two of the strongest long-term wealth engines: Bitcoin’s structural digital growth and the compounding income of institutional real-estate and infrastructure.
The Fund enables investors to participate in digital-asset upside while anchoring returns in tangible, cash-flow-producing assets inside a single, compliant, fully audited structure.
BAFX combines:

  • Bitcoin & Bitcoin ETFs –  a finite, globally adopted digital reserve asset with asymmetric long-term growth potential
  • Institutional real assets – commercial property and infrastructure that deliver recurring income, NAV stabilisation, and liquidity support

This dual-engine model gives investors regulated exposure to Bitcoin while reducing volatility through predictable, cash-flow-driven assets. It is a structure built to grow, stabilize, and compound NAV over time.

Approximately 80% of the portfolio is allocated to Bitcoin and Bitcoin ETFs, capturing long-term digital-asset expansion. The remaining 20% is invested in institutional-grade real estate and infrastructure across OECD jurisdictions, providing consistent income and strengthening liquidity during market cycles.

BAFX lowers traditional barriers to entry. Unlike private funds that require high minimum commitments, BAFX’s tokenised share model allows participation at smaller investment levels while maintaining full institutional standards of governance, custody, reporting, and audit.

Each BAFX Token represents a legally recognised share of the Fund, recorded on the official shareholder register and supported by independent custody and administration. Investors hold direct, regulated ownership, never synthetic exposure or unregulated exchange assets.

The Fund is managed by Boston & Alexander LLP, an FCA-authorised Alternative Investment Fund Manager (AIFM), and is domiciled in Bermuda as a Standard Fund under the Bermuda Monetary Authority (BMA). This dual-regulated foundation combines the oversight of a UK-regulated manager with Bermuda’s established digital-asset legal framework.
BAFX offers a modern investment approach: Bitcoin’s digital scarcity and real-estate compounding inside one regulated, accessible vehicle designed for long-term capital growth.

1.1 The Purpose of the Fund

BAFX was created to give investors regulated access to two of the most reliable long-term wealth drivers in global markets:

Bitcoin’s structural growth and the compounding income of institutional real estate and infrastructure.
While Bitcoin has matured into a recognised, globally adopted store of value, most investors still face limited, high-cost, or unregulated ways to participate. At the same time, income-producing real assets, commercial property, logistics, and essential infrastructure, remain proven engines of compounded returns, yet are typically accessible only through institutional-scale vehicles.

BAFX brings these two worlds together inside a single, governed investment structure.
The Fund enables investors to hold Bitcoin through a fully regulated, audited vehicle, while simultaneously benefiting from the stable, recurring income and long-term appreciation generated by real assets. This blend captures Bitcoin’s asymmetric upside while using tangible, cash-flowing assets to smooth volatility, reinforce liquidity, and compound NAV over time.

A key innovation is liquidity.
Traditional real-estate investments are inherently illiquid. BAFX solves this through a regulated, transactional fund structure that allows investors to subscribe, redeem (post-lock-up), and hold their shares via a digital format—without ever being exposed to direct property illiquidity.

By applying institutional standards of custody, governance, and reporting, under the oversight of both the FCA (UK) and BMA (Bermuda), BAFX provides a secure, transparent pathway into Bitcoin and real-asset exposure for all investor classes, not just those capable of meeting high institutional minimums.

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