Blockstream Launches Three New Crypto Investment Funds Amidst Market Recovery

Blockstream, a prominent Bitcoin development firm co-founded by Adam Back, has unveiled plans to launch three investment funds, signaling optimism in the crypto space. Two of these funds will focus on crypto lending, underwriting Bitcoin-backed loans and enabling borrowing against U.S. dollars as collateral. Despite the challenges faced by the crypto lending sector following the collapse of the FTX exchange, Blockstream aims to leverage recent funding amounting to several billion dollars to boost the industry's revival. The funds are set to go live in April, with investor capital expected to flow in from July. In conjunction with these funds, Blockstream is also expanding its operations in Tokyo to enhance Bitcoin adoption and explore real-world asset tokenization.