PANews reported on November 27th that, according to The Block, Xapo Bank's yield-based Bitcoin lending product, the Xapo Byzantine BTC Credit Fund, has officially opened to a wider range of accredited investors after attracting $100 million in member funds in its initial phase. The fund deploys user-deposited Bitcoin through a fully institutionalized lending process, with loan decisions overseen by the investment committee of independent investment manager Hilbert Group. It aims to provide long-term Bitcoin holders with a low-risk, stable-return wealth management tool. Tommy Doyle, Head of Global Client Relationships at Xapo Bank, stated, "The Xapo Bitcoin Credit Fund perfectly complements our portfolio of Bitcoin wealth products, offering stable returns for our long-term Bitcoin holders with a low-risk appetite." According to the fund's terms, participation is limited to accredited investors and may involve minimum investment thresholds and due diligence assessments. Earlier this year, Xapo, primarily known as a cryptocurrency custody firm, began offering Bitcoin-backed dollar loans of up to $1 million. Xapo was also the first bank in the UK to offer interest-bearing Bitcoin and fiat currency accounts.PANews reported on November 27th that, according to The Block, Xapo Bank's yield-based Bitcoin lending product, the Xapo Byzantine BTC Credit Fund, has officially opened to a wider range of accredited investors after attracting $100 million in member funds in its initial phase. The fund deploys user-deposited Bitcoin through a fully institutionalized lending process, with loan decisions overseen by the investment committee of independent investment manager Hilbert Group. It aims to provide long-term Bitcoin holders with a low-risk, stable-return wealth management tool. Tommy Doyle, Head of Global Client Relationships at Xapo Bank, stated, "The Xapo Bitcoin Credit Fund perfectly complements our portfolio of Bitcoin wealth products, offering stable returns for our long-term Bitcoin holders with a low-risk appetite." According to the fund's terms, participation is limited to accredited investors and may involve minimum investment thresholds and due diligence assessments. Earlier this year, Xapo, primarily known as a cryptocurrency custody firm, began offering Bitcoin-backed dollar loans of up to $1 million. Xapo was also the first bank in the UK to offer interest-bearing Bitcoin and fiat currency accounts.
Xapo Bank expands its Bitcoin lending fund, developing "a range of Bitcoin wealth management products".
PANews reported on November 27th that, according to The Block, Xapo Bank's yield-based Bitcoin lending product, the Xapo Byzantine BTC Credit Fund, has officially opened to a wider range of accredited investors after attracting $100 million in member funds in its initial phase. The fund deploys user-deposited Bitcoin through a fully institutionalized lending process, with loan decisions overseen by the investment committee of independent investment manager Hilbert Group. It aims to provide long-term Bitcoin holders with a low-risk, stable-return wealth management tool. Tommy Doyle, Head of Global Client Relationships at Xapo Bank, stated, "The Xapo Bitcoin Credit Fund perfectly complements our portfolio of Bitcoin wealth products, offering stable returns for our long-term Bitcoin holders with a low-risk appetite." According to the fund's terms, participation is limited to accredited investors and may involve minimum investment thresholds and due diligence assessments.
Earlier this year, Xapo, primarily known as a cryptocurrency custody firm, began offering Bitcoin-backed dollar loans of up to $1 million. Xapo was also the first bank in the UK to offer interest-bearing Bitcoin and fiat currency accounts.
Market Opportunity
Lorenzo Protocol Price(BANK)
$0.04056
$0.04056$0.04056
USD
Lorenzo Protocol (BANK) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference
The post Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference appeared on BitcoinEthereumNews.com. Key Takeaways Ethereum’s new roadmap was presented by Vitalik Buterin at the Japan Dev Conference. Short-term priorities include Layer 1 scaling and raising gas limits to enhance transaction throughput. Vitalik Buterin presented Ethereum’s development roadmap at the Japan Dev Conference today, outlining the blockchain platform’s priorities across multiple timeframes. The short-term goals focus on scaling solutions and increasing Layer 1 gas limits to improve transaction capacity. Mid-term objectives target enhanced cross-Layer 2 interoperability and faster network responsiveness to create a more seamless user experience across different scaling solutions. The long-term vision emphasizes building a secure, simple, quantum-resistant, and formally verified minimalist Ethereum network. This approach aims to future-proof the platform against emerging technological threats while maintaining its core functionality. The roadmap presentation comes as Ethereum continues to compete with other blockchain platforms for market share in the smart contract and decentralized application space. Source: https://cryptobriefing.com/ethereum-roadmap-scaling-interoperability-security-japan/
Share
BitcoinEthereumNews2025/09/18 00:25
Russia Sees $648M In Daily Crypto Transactions As Gov Pushes Regulation
The post Russia Sees $648M In Daily Crypto Transactions As Gov Pushes Regulation appeared on BitcoinEthereumNews.com. Russia’s finance ministry and central bank
Share
BitcoinEthereumNews2026/02/17 09:52
Republicans handed major loss in court over swing state voter lawsuit
Republicans just suffered a significant setback in North Carolina ahead of this fall's midterm elections, where they're hoping to stop Democrats from flipping a
Share
Alternet2026/02/17 09:52