Asset tokenization issuer Birch Hill completes $4 million seed round, led by Multicoin Capital.

BlockBeats news, October 28 - Birch Hill, founded by former employees of Goldman Sachs and BlackRock, has completed a $4 million seed funding round led by Multicoin Capital, with participation from ParaFi Capital, Castle Island Ventures, and Nascent, bringing total funding to $6.5 million.

The company currently manages treasuries on Morpho and has applied to the U.S. Financial Industry Regulatory Authority (FINRA) for broker-dealer status, intending to sell private credit products to accredited investors, with a long-term plan to securitize and bring on-chain U.S. multifamily housing, agricultural, and energy loan pools. (Decrypt)

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