Blockstream plans Bitcoin lending program
Blockstream secured a multimillion-dollar investment to launch three new institutional funds, two of which permit lending Bitcoin.
“Blockstream’s institutional-grade Bitcoin investment solutions will go live on April 1 with external capital acceptance opening on July 1,” the company said, confirming a previous March 4 Bloomberg report on X. “.
The investment products will also offer hedge fund strategies that give institutional-grade exposure to Bitcoin markets, USD-collateralized borrowing that enables investors to access liquidity without selling Bitcoin, and Bitcoin-backed lending and safe institutional financing with Bitcoin collateral.
President Donald Trump’s plans for a strategic crypto reserve were mocked by many industry leaders, including Adam Back, the CEO of Blockstream and huge Bitcoin supporter because they would include cryptocurrencies other than Bitcoin.
Blockstream launched its new asset management division, introducing the Blockstream Alpha Fund and the Blockstream Income Fund.
The Income Fund focused on loans ranging from $100,000 to $5 million. The Alpha Fund concentrates on portfolio growth and exposes investors to “infrastructure-based revenue streams like Lightning Network node operations’.
Blockstream was introduced in 2018 to facilitate speedier transactions and raised $210 million in convertible notes. Blockstream now offers crypto-focused investment funds joining firms like Grayscale, Pantera, and Galaxy Digital
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