【速報】Bitcoin Focused Financial Services Company Launches Bitcoin Private Credit Fund

Bitcoin Private Credit Fund

Meanwhile Group, a financial services company backed by OpenAI CEO Sam Altman, has announced the launch of a bitcoin (BTC) private credit fund. The fund is a closed-end investment vehicle designed to attract institutional investors, offering a conservative 5% yield denominated in bitcoin. Institutional investors will contribute U.S. dollars to the fund, which will then be converted to bitcoin, and fees will also be charged in the cryptocurrency.

Growing Market

Private credit, the practice of non-bank institutions lending money to enterprises and individuals, is already a significant player in traditional financial markets. BlackRock forecasts the sector to grow to $3.5 trillion by 2028, indicating substantial potential for growth and development.

Thriving Bitcoin Economy

Zac Townsend, co-founder and CEO of Meanwhile Group, expressed confidence in the future of the Bitcoin economy. He emphasized the necessity of robust capital markets to maximize its potential. The private credit fund presents an unparalleled opportunity for institutional investors to unlock the full value of their BTC holdings without compromising ownership, providing a unique avenue for optimized returns.

Fundraising Goal

The fund aims to raise $100 million from investors, indicating considerable interest and confidence in the opportunity and potential returns within the bitcoin-focused investment landscape.