Two Prime, Figment team up to bring Bitcoin yield to institutions

4 weeks ago

SEC-registered advisor Two Prime is partnering with Figment to springiness organization investors entree to output connected Bitcoin and different crypto protocols.

Two Prime, Figment squad up to bring Bitcoin output to institutions

US concern advisor Two Prime has partnered with staking infrastructure supplier Figment to connection organization clients entree to cryptocurrency output opportunities — highlighting the increasing organization displacement toward blockchain-based output strategies.

Through the partnership, Two Prime’s organization clients volition summation entree to output strategies for Bitcoin (BTC) and much than 40 different integer plus protocols, including Ethereum, Solana, Avalanche and Hyperliquid, the companies announced Tuesday.

Two Prime, a crypto-native concern advisor registered with the US Securities and Exchange Commission, manages astir $1.75 cardinal successful assets and operates 1 of the industry’s larger Bitcoin lending businesses.

In July, Bitcoin miner MARA Holdings acquired a number involvement successful Two Prime, substantially expanding the magnitude of BTC the steadfast manages connected its behalf.

Several blockchain firms are turning to Bitcoin yield, seeking to pat the underutilized imaginable of the $2.3 trillion asset. Solv Protocol has introduced a structured vault system designed to make BTC output done a premix of decentralized and accepted concern strategies.

Bitcoin-focused DeFi startup BOB has raised $21 million to further grow Bitcoin output opportunities utilizing hybrid models.

Coinbase has besides entered the abstraction with its caller Bitcoin Yield Fund, targeting non-US investors with returns of up to 8%. The speech said the money was launched “to code the increasing organization request for bitcoin yield.”

Institutional adoption fuels rising request for Bitcoin yield

Bitcoin’s outsized humanities returns are pushing much investors toward output strategies that make income connected different idle holdings.

As hedge funds, household offices and plus managers determination into BTC, they progressively question vulnerability that besides delivers predictable returns. Unlike crypto-native “diamond hands,” institutions presumption Bitcoin arsenic portion of a diversified portfolio — wherever output is simply a desired oregon expected component.

Bitcoin Price, SEC, Digital Asset Management

Javier Rodríguez-Alarcon, main concern serviceman of integer plus manager XBTO, said successful June that Bitcoin’s maturation arsenic an plus people “requires blase solutions that spell beyond elemental exposure.”

Rodriguez-Alarcon’s steadfast partnered with Arab Bank Switzerland to connection wealthiness absorption clients a Bitcoin output merchandise that generates returns by selling BTC options and accumulating further holdings during marketplace dips.

Bitcoin output strategies could summation further traction arsenic much corporations adhd the plus to their equilibrium sheets. Public and backstage companies unneurotic clasp astir 1.509 cardinal BTC, according to manufacture trackers.