MultiversX Tracker is Live!

Blockstream to launch Bitcoin lending funds with multi-billion investment

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 12 Views

Blockstream is set to launch three funds in total, two of which will allow institutional investors to lend and borrow with Bitcoin collateral.

Bitcoin developer Blockstream has secured a multibillion-dollar investment to launch three new institutional funds, including two that will enable lending Bitcoin.

“Blockstream’s institutional-grade Bitcoin investment solutions will go live on April 1, with external capital acceptance opening on July 1,” the firm stated on X on March 4, confirming an earlier Bloomberg report.

It added that the investment products will offer Bitcoin-backed lending and secure institutional financing with Bitcoin (BTC) collateral, USD-collateralized borrowing enabling investors to unlock liquidity without selling Bitcoin, and hedge fund strategies offering institutional-grade exposure to Bitcoin markets.

Read more


Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments