The closed fund will offer investors a 5% yield in Bitcoin and lend funds in BTC to institutions.
Bitcoin life insurance innovator Meanwhile Group has come out with a private credit fund denominated in Bitcoin (BTC). The closed fund will offer investors a “conservative” yield in Bitcoin and lend funds in BTC to institutional counterparties at the managers' discretion.
Meanwhile Advisors are targeting a 5% yield on the Meanwhile BTC Private Credit Fund term. By vetting loan recipients, the fund “effectively mitigates” the risk associated with retail platforms that provide loans predominantly to individuals, the company said in a statement.
Related: Coinbase launches crypto lending platform for US institutions
