Traditional finance teams are building compliant pathways into on-chain credit. New York-based Birch Hill disclosed a $4 million raise, with participation from ParaFi Capital, Castle Island Ventures, and Nascent; the round was not disclosed. The company has raised $6.5 million to date.
Its goal is not to build yet another high-yield DeFi pool, but to assess, structure, and distribute on-chain credit within the U.S. regulatory framework. It has also applied to FINRA for broker-dealer status. The team comes from Goldman Sachs and BlackRock. Its initial focus is tokenizing securitized loans for U.S. multifamily housing, agriculture, and energy, while also serving as an official vault curator on Morpho.
What’s worth watching: if broker-dealer status is granted, compliant distribution of RWA credit, due diligence on underlying assets, and institutional access could all be reshaped. Sentiment may not heat up immediately in the short term, but this is an important piece of the puzzle in bringing real-asset credit into mainstream funding channels.
#RWA #链上信贷 #Morpho
Its goal is not to build yet another high-yield DeFi pool, but to assess, structure, and distribute on-chain credit within the U.S. regulatory framework. It has also applied to FINRA for broker-dealer status. The team comes from Goldman Sachs and BlackRock. Its initial focus is tokenizing securitized loans for U.S. multifamily housing, agriculture, and energy, while also serving as an official vault curator on Morpho.
What’s worth watching: if broker-dealer status is granted, compliant distribution of RWA credit, due diligence on underlying assets, and institutional access could all be reshaped. Sentiment may not heat up immediately in the short term, but this is an important piece of the puzzle in bringing real-asset credit into mainstream funding channels.
#RWA #链上信贷 #Morpho