PANews reported on April 8 that according to Cryptoslate, Pierre Rochard announced on April 7 the establishment of a new company focusing on Bitcoin-collateralized structured financing, The Bitcoin Bond Company, with the goal of acquiring $1 trillion worth of Bitcoin on behalf of clients by 2046. Rochard, formerly the vice president of research at Riot Platforms, will serve as the CEO of this new Bitcoin enterprise. The company plans to build a bridge between institutional investor funds and Bitcoin through a regulated structured product framework and third-party custody services. Rochard further introduced the timing and motivation of this launch, and pointed out that the idea of establishing a Bitcoin-collateralized securitization company has been brewing in his mind since his first contact with Bitcoin, which is a natural fit with his background in asset-backed finance.