Onramp MENA's analytical work on Bitcoin: the asset class, its custody, the regulatory frameworks, and the strategic considerations facing institutions and family offices that hold it. Each piece is cited to primary sources, written for readers preparing their own analysis.
US equities pay 0.09 percent over inflation-linked bonds, a level seen in 126 months since 1881, clustered around 1929, 1937 and 1999. The cheap markets on a screen hold three or ten companies. Gold is at twice its normal relationship to money. This piece works through where an allocator can actually go.
Beginning 30 July 2026, attackers exploited a 2021 firmware flaw in Coldcard hardware wallets to brute-force seeds remotely, draining roughly 1,816 BTC from more than 5,200 addresses. The devices were air-gapped and used correctly. This piece sets out what actually failed, and what failure containment rather than failure avoidance looks like in custody design.
Regulated access to Bitcoin is solved. Custody is not. One custodian safekeeps over 80% of the Bitcoin behind US spot ETFs, and a decade of insolvencies shows that "custodied" can mean "unsecured creditor." Every exposure vehicle and custody model is scored on one rubric, and custody distributed across independent institutions emerges as the fiduciary default.
The monetary order is fragmenting, and capital is looking for a hedge. Gold and bitcoin are usually framed as rival answers to the same question. They are better understood as instruments built for different problems: gold the defensive holding, bitcoin the asymmetric bet.
This article situates the Central Bank of Bahrain's Crypto-Asset Module (Volume 6) against comparable institutional crypto-custody regimes in the GCC and adjacent jurisdictions: ADGM FSRA, DFSA, VARA, and the federal Capital Markets Authority (formerly SCA).
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