Canadian company Blockstream secured multibillion-dollar funding to launch three new investment funds targeting institutional investors.
The Three New Bitcoin Investment Funds
Blockstream is launching three funds aimed at institutional investors: Bitcoin-Backed Lending Fund, Crypto Borrowing Fund, and Hedge Fund Strategy Fund. These funds are set to begin operations in April 2025, aiming to provide institutional-grade access to Bitcoin markets.
Reviving Institutional Crypto Lending
Following the collapse of FTX in 2022, the crypto lending market was challenged. Blockstream's new funds aim to restore investor trust by providing institutional-grade financial products.
Blockstream’s Expansion into Asia
Blockstream opens an office in Tokyo and partners with Japanese company Diamond Hands. This expansion aims to promote Bitcoin Layer 2 solutions in Asia.
The investment attracted by Blockstream indicates growing interest in crypto markets among institutional investors. The company aims to strengthen its position through fund development and geographic expansion.
