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Blockstream Launches Three Investment Funds, Including Two Focused on Crypto Lending
Blockstream, a leading provider of Bitcoin (BTC) development services, is set to launch three new investment funds, with two of them focused on crypto lending, the company announced on Tuesday.
The Funds
The first fund will underwrite Bitcoin-backed loans, while the second fund will allow for crypto borrowing with U.S. dollars as collateral. The third fund will deploy hedge fund strategies.
Background
The crypto lending business has taken a hit following the collapse of former crypto exchange FTX, which falsified its balance sheets and ultimately could not pay back money lent to it, resulting in several bankruptcies of reputable crypto lenders.
Launch Details
The three funds will go live in April, with additional external capital accepted starting in July. The two lending funds will be available for borrowing.
Global Expansion
Blockstream recently opened a new office in Tokyo, where it plans to drive adoption of Bitcoin Layer-2 and self-custody technologies, as well as the tokenization of real-world assets (RWA) in Japan.
Conclusion
Blockstream’s new investment funds mark a significant step forward in the development of the crypto lending market, which has faced significant challenges in recent years. The company’s focus on underwriting Bitcoin-backed loans and allowing for crypto borrowing with U.S. dollars as collateral could help to revitalize the sector. With its global expansion plans, including the opening of a new office in Tokyo, Blockstream is well-positioned to drive growth and adoption in the crypto space.
FAQs
Q: What are the three investment funds launched by Blockstream?
A: The three funds are a Bitcoin-backed loan fund, a crypto borrowing fund with U.S. dollars as collateral, and a hedge fund.
Q: When will the funds be available?
A: The funds will go live in April, with additional external capital accepted starting in July.
Q: What is the focus of Blockstream’s new office in Tokyo?
A: The office will focus on driving adoption of Bitcoin Layer-2 and self-custody technologies, as well as the tokenization of real-world assets (RWA) in Japan.
Q: How will the crypto lending business be revitalized?
A: Blockstream’s new investment funds, particularly the Bitcoin-backed loan fund and the crypto borrowing fund with U.S. dollars as collateral, are designed to revitalize the crypto lending business by providing new opportunities for investors and borrowers.
