Blockstream Launches Three Bitcoin Lending Funds April 1

Blockstream, a leading Bitcoin development firm, is set to launch three new institutional funds, including two focused on Bitcoin-backed lending, with a significant investment backing the initiative. The funds will go live on April 1, with external capital acceptance starting July 1, aiming to provide liquidity options without requiring Bitcoin holders to sell their assets. The first fund will offer loans backed by Bitcoin collateral, while the second will facilitate USD-collateralized borrowing. Additionally, a third fund will implement hedge fund strategies for structured exposure to Bitcoin markets. This expansion follows the company's launch of its asset management division earlier this year, which includes the Blockstream Income Fund and the Blockstream Alpha Fund. Despite the recent challenges in the crypto lending market, Blockstream remains optimistic about its institutional-focused approach, emphasizing security and compliance in its offerings.