Blockstream Raises Funds for Bitcoin (BTC) Collateralized Loans and Hedge Fund Strategies
JH Kim
Summary
- Blockstream announced that it is launching cryptocurrency funds through billions of dollars in investment.
- The funds will operate loan products including Bitcoin collateralized loans and cryptocurrency borrowing backed by US dollars.
- The announcement also mentioned that one fund will focus on investment management utilizing hedge fund strategies.
According to cryptocurrency media outlet WuBlockchain on the 4th (local time), blockchain technology developer Blockstream announced that it has secured billions of dollars in investment to launch cryptocurrency funds. The specific investment amount was not disclosed.
Blockstream plans to operate three cryptocurrency funds, two of which are loan products including Bitcoin (BTC) collateralized loans and cryptocurrency borrowing backed by US dollars, while the remaining one aims to utilize hedge fund strategies for investment management.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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