Blockstream secures billions in investment and will officially launch three Bitcoin-backed funds on April 1

according to Cryptonews, blockchain infrastructure company Blockstream has secured billions in investment and will officially launch three Bitcoin-backed funds on April 1.

Of the three funds, two will focus on Bitcoin lending: one will underwrite loans collateralized by Bitcoin, while the other will use USD as collateral for cryptocurrency lending. The third fund will adopt a hedge fund strategy to provide institutional investors with investment opportunities in the Bitcoin market.

Blockstream stated that its "institutional-grade Bitcoin investment solutions" will go live on April 1 and will begin accepting external funding on July 1.