“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 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.
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BlockFi raises $50M as revenue increases tenfold
The DeFi firm, which offers crypto-backed loans and savings accounts, is planning to launch a credit card that offers Bitcoin rewards in the near future
Crypto lending firm BlockFi has raised $50 million in a funding round led by Morgan Creek Digital—with Winklevoss Capital, two university endowments, and the NBA player Matthew Dellavedova among the participating investors.
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Digital Asset Holdings Founder Eric Saraniecki, CEO of Ripple Brad Garlinghouse, Jeremy Millar, Chief of Staff of Consensys, Jeff Dorman, CIO of Arca (image via Twitter).Inside the invite-only Cumberland Global Summit
We get the goods from crypto’s elite at the year’s most elite conference
As the crypto business matures, a robust—some would say never-ending—series of industry conferences has arisen to provide reasons for players in the space to gather in person. Perhaps the most elite of these is the yearly Cumberland Global Summit.
