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Blockstream Secures Multi-Billion Dollar Investment, Set to Launch Three Bitcoin-Backed Funds on April 1
According to ChainCatcher, as reported by Cryptonews, blockchain infrastructure company Blockstream has secured billions of dollars in investment and will officially launch three Bitcoin-backed funds on April 1st.
Among these three funds, two will focus on Bitcoin lending: one will underwrite loans collateralized by Bitcoin, while the other will use USD as collateral for cryptocurrency lending. The third fund will adopt a hedge fund strategy, providing institutions with investment opportunities in the Bitcoin market.
Blockstream stated that its "institutional-grade Bitcoin investment solutions" will go live on April 1st and will start accepting external funds on July 1st.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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