Hashed Anchors $300M Crypto Private Credit Fund Launch
Crypto VC Hashed is anchoring a new $300 million (USD) private credit fund for institutional digital asset lending, using covenant-based underwriting to address a financing gap, according to The Block.
Will covenant-based private credit become a standard financing tool for crypto-native companies, or will it remain limited to a small set of institutional borrowers? The answer depends on whether lenders can enforce covenants effectively in a market known for volatile collateral values. If the model works, it could open a new capital channel for digital asset businesses that traditional banks still avoid. If it fails, it may repeat structural weaknesses seen in earlier crypto lending cycles.
https://www.bonuz.xyz/en/blog/hashed-300m-crypto-private-credit-fund
Crypto VC Hashed is anchoring a new $300 million (USD) private credit fund for institutional digital asset lending, using covenant-based underwriting to address a financing gap, according to The Block.
Will covenant-based private credit become a standard financing tool for crypto-native companies, or will it remain limited to a small set of institutional borrowers? The answer depends on whether lenders can enforce covenants effectively in a market known for volatile collateral values. If the model works, it could open a new capital channel for digital asset businesses that traditional banks still avoid. If it fails, it may repeat structural weaknesses seen in earlier crypto lending cycles.
https://www.bonuz.xyz/en/blog/hashed-300m-crypto-private-credit-fund
