Bitcoin developer Blockstream has raised a multi-million dollar investment to launch three new institutional funds, two of which will facilitate Bitcoin loans, as reported by Bloomberg on Tuesday.
The company announced yesterday on X:
"Blockstream’s institutional-grade Bitcoin investment solutions will go live on April 1, with external capital acceptance opening on July 1."
The firm explained these investment products will offer Bitcoin-backed lending options, provide secure institutional financing using Bitcoin as collateral.
In addition, they will also enable USD-backed loans to help investors access liquidity without selling Bitcoin, and will feature hedge fund strategies for institutional-grade exposure to Bitcoin markets.
Blockstream launched its new asset management division in January, unveiling the Blockstream Income Fund and Blockstream Alpha Fund.