The Bitcoin Development Company, Blockstream, launches three investment funds, including two focused on cryptographic loans, the company announced on Tuesday.
According to a fund, The Legendary Bitcoin (BTC), the Bitcoin developer (BTC), co-founded by the legendary Bitcoin developer (BTC) and which allows a crypto loan with American dollars, while a third fund would deploy roofing fund strategies, according to a tweet.
Bloomberg reported earlier that the company had obtained several billion dollars in funding to launch these funds, citing anonymous sources.
Crypto’s loan activity was hardly affected after the collapse of the old Crypto FTX exchange, whose falsified assessments and, in the end, the inability to repay the money that lent them, resulted in several bankruptcies of cryptographic lenders then reputable.
The three funds will be disseminated in April with additional external capital that starts to be accepted in July. The two loan funds will be available when borrowing.
Blockstream recently opened a new office in Tokyo while it plans to stimulate the adoption of Bitcoin Layer-2 and guard technologies as well as the tokenization of real assets (RWA) in Japan.
