Goldman, BlackRock alumni raise $4M to put farm and apartment loans onchain
- —Multicoin Capital led the round; total funding now $6.5 million
- —Birch Hill is an official vault curator on lending protocol Morpho
- —It has applied to FINRA for broker-dealer membership
- —Longer term it plans to securitize multifamily, agriculture and energy loans onchain
Why it matters: Another step toward moving private credit onchain under U.S. rules; the outcome hinges on FINRA and SEC approval.
Source: Decrypt