TechFlow reported on March 5, according to Cryptonews, that blockchain infrastructure company Blockstream has secured hundreds of millions of dollars in investment and will officially launch three Bitcoin-backed funds on April 1.
Of these three funds, two will focus on Bitcoin lending: one will underwrite loans secured by Bitcoin collateral, while the other will use U.S. dollars 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 its "institutional-grade Bitcoin investment solutions" will go live on April 1 and begin accepting external capital on July 1.
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