The Fund Entity must have at least one account where assets can be kept. When using BFS for mirroring and reporting purposes for the Fund Entity this is good enough but if BFS should be used for real trading it is possible to also set up Custody Accounts for example and this is another story.
An account in BFS can hold any type of asset and in multiple currencies.
For now we will settle on simply creating a holding account for the Fund Entity which we can do according to the following video.