Blockstream to Launch Three Investment Funds Focused on Crypto Lending
Blockstream is launching three investment funds, including two focused on crypto lending. The funds include:
- A fund underwriting Bitcoin-backed loans
- A fund allowing crypto borrowing with U.S. dollars as collateral
- A third fund employing hedge fund strategies
The company has secured several billion dollars in funding for these initiatives. The funds are set to launch in April, with external capital acceptance beginning in July. Both lending funds will be available for borrowing.
The crypto lending sector suffered after the collapse of FTX, leading to multiple bankruptcies among reputable lenders.
Additionally, Blockstream has opened a new office in Tokyo to promote Bitcoin Layer-2 technologies and the tokenization of real-world assets in Japan.