“Given the level of institutional activity in recent months and demand for new, professional-grade investment vehicles, the timing of BlockFi Bitcoin Trust is ideal,” said BlockFi founder and CEO Zac Prince, “As we work to broaden the availability of this vehicle to retail brokerages, we expect this product will facilitate greater investments in digital assets.”
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Fidelity invests again in Hong Kong crypto exchange OSL
The asset management giant’s second investment comes shortly after Hong Kong regulators granted the firm a digital asset brokers license
In February, BC Technology Group CEO Hugh Madden said “We’re excited to see that world-class equity investors are increasingly participating in the fast-growing digital asset sector, and we look forward to reaching new milestones with our industry-leading institutional investors.”
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Bitfinex launches ETH and BTC loans
The cryptocurrency exchange’s users will now be able to borrow bitcoin and ether using fiat currency or stablecoins as collateral
Bitfinex customers can now use fiat currencies such as the United States dollar, the euro or the Japanese yen, as well as the tether (USDt) stablecoin issued by Bitfinex’s sister company Tether, as collateral to obtain a loan in BTC. ETH loans, on the other hand, can only be financed by the United States dollars that the borrower holds on the platform.
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Fidelity Digital Assets, BlockFi partner on DeFi lending custody
The decentralized finance lending platform’s institutional clients can now pledge bitcoins in Fidelity’s vaults as loan collateral
With substantial experience in providing custody services, the firm announced on Dec. 9 that it now offers services as a collateral agent, offering institutional clients the ability to pledge their bitcoin as collateral in transactions.
