Source: cryptoslate
Compiled by: Blockchain Knight
On April 7, Pierre Rochard announced the establishment of a new company focused on BTC-backed structured financing, called “The Bitcoin Bond Company,” with the goal of acquiring $1 trillion worth of BTC on behalf of its clients by 2046.
Rochard previously served as vice president of research at Riot Platforms and will serve as CEO of the new BTC-focused venture.
The company plans to connect institutional capital to BTC through a regulated structured product framework and third-party custody.
BTC products that meet institutional needs
According to Rochard, the company’s target clients will be credit allocators seeking volatility protection and equity risk takers seeking excess returns on BTC. Depending on market conditions, its long-term goals include acquiring $1 trillion worth of BTC for clients over the next 21 years.
Explaining the timing and motivations behind the company’s founding to CryptoSlate, he further noted that the concept of a BTC-backed securitization company had been on his mind since he first learned about BTC, which coincided with his background in asset-backed finance.
Rochard said the idea became more tangible after Donald Trump was elected president because it signaled a shift in the regulatory landscape.
He added: “Going forward, the SEC will no longer be influenced by politics, but will remain neutral, meaning that BTC-backed financial products will be regulated in a balanced way to protect the integrity of the U.S. capital markets. This will provide established financial institutions with the confidence they need to participate constructively in the BTC market.”
Rochard emphasized that his vision is to expand the utility of BTC by packaging the asset into structured financial instruments that meet institutional requirements for transparency, regulation, and risk management.
This approach is consistent with a broader trend toward institutional products built on crypto-native assets, including exchange-traded products (ETPs) and asset-backed notes.
“BTC Bond’s mission is to build long-term partnerships between credit allocators and risk takers,” the announcement said. “We can unlock value for capital markets by providing transparent, regulated and efficient risk transfer for global strategic reserve assets through BTC-backed structured financing.”
He also added that the success of the recently launched BTC ETF validated market demand, and that the metrics of these funds made them “the most successful product launch in the history of the financial industry.”
Rochard believes that institutional investors are often constrained by volatility, while risk-seeking participants are looking for leverage opportunities. He believes that the role of BTC Bonds is to connect these two types of investors through structured instruments and bridge the differences between them.
“BTC Bond’s mission is to connect these two types of investors through responsible, BTC-backed products, creating long-term value for both parties.”
Practicality and Satoshi’s Vision
Rochard sees the company’s formation as part of a broader effort to realize Bitcoin’s original utility as decentralized electronic cash.
He said the BTC market divides participants into four categories: deniers, investors who are cautious about price fluctuations, speculators who try to obtain excess returns through BTC, and independent autonomous people who fully adopt BTC.
He stressed that decentralization remains the core utility of BTC, providing users with sovereign control over their capital. Rochard concluded by saying that capital markets will increasingly recognize BTC as a strategic collateral asset.
He said: “It is inevitable that capital markets will see BTC as a unique collateral diversification tool. Investors with different objectives and risk tolerance will be found in many different contexts, such as sovereign debt issuance, corporate convertible bonds and asset-backed securities. The growth of the market will promote demand for BTC underlying assets and accelerate the flywheel effect of adoption.”
