Bitcoin Blockstream development firm is launching three investment funds, including two centered on cryptographic loans, the company announced on Tuesday.
The cryptographic company co -founded by the legendary Bitcoin developer (BTC) Adam Back plans to launch a background that subscribes loans supported by Bitcoin and one that allows cryptographic borrowing with American dollars with US dollars as a guarantee, while a third fund would implement coverage fund strategies, according to a tweet.
Bloomberg previously reported that the company had obtained several billions of dollars in funds to launch these funds, citing anonymous sources.
The cryptographic loan business had been hit hard after the collapse of the former Crypto Exchange FTX, whose counterfeit balance sheets and in the end, the inability to return the money borrowed to them, resulted in several bankruptcies of the reactable cryptographic lenders.
The three funds will be launched in April with an additional external capital that will begin to be accepted in July. The two loan funds will be available to borrow.
Blockstream recently opened a new office in Tokyo, since it plans to promote the adoption of Bitcoin Layer-2 and self-commission technologies, as well as the token of real world assets (RWA) in Japan.
