PANews reported on January 24 that according to Cointelegraph, blockchain development company Blockstream announced that it will launch two institutional investment funds, enabling investors to directly access the company's Bitcoin ecosystem and gain returns through Bitcoin-backed loans and other income sources.
In a Jan. 23 announcement, Blockstream debuted its new asset management business, Blockstream Asset Management, and unveiled the Blockstream Income Fund and Blockstream Alpha Fund, which will be launched in the first quarter of this year. The Blockchain Income Fund aims to pay out dollar-denominated returns by providing Bitcoin as collateral to Bitcoin-native startups and companies that have an inventory of digital assets in the Blockstream network. The fund focuses on loans between $100,000 and $5 million. The Alpha Fund focuses on portfolio growth, providing investors with exposure to "infrastructure-based income streams such as Lightning Network node operations." It is considered an actively managed fund and typically charges higher fees.
