Blockstream, a Canadian Bitcoin infrastructure firm, has secured multibillion-dollar investments to launch three new funds focused on crypto lending and hedge strategies.
The Three New Bitcoin Investment Funds
Blockstream's new funds target institutional investors and high-net-worth individuals. These include: a Bitcoin-Backed Lending Fund, allowing loans backed by BTC collateral; a Crypto Borrowing Fund, enabling borrowing with USD collateral; and a Hedge Fund Strategy Fund employing hedge fund strategies in Bitcoin markets. Launch is scheduled for April with additional capital acceptance in July.
Reviving Institutional Crypto Lending
Institutional crypto lending faced challenges after the collapse of FTX. Blockstream's new initiative suggests a renewed interest in Bitcoin-backed loans. With billions secured, the firm aims to restore trust via solid risk management and institutional-grade financial products, indicating a revived confidence in Bitcoin-based financial services.
Blockstream’s Expansion into Asia
Alongside the new investment funds, Blockstream expands operations into Asia by opening an office in Tokyo and partnering with Japan's Diamond Hands and Fulgur Ventures. This expansion aims to promote Bitcoin-backed financial solutions and self-custody platforms. The company also plans to explore tokenizing real-world assets to let investors access physical assets through blockchain.
Blockstream's new initiatives demonstrate its determination to solidify its position in the crypto finance market by promoting new strategies and solutions for institutional investors.
