Goldman and BlackRock Alumni Secure $4M to Bring Farm and Apartment Loans Onchain
A New York startup launched by Wall Street veterans wants to move American farm, energy, and apartment loans onto public blockchains. Birch Hill closed a $4 million seed round led The post Goldman and BlackRock Alumni Secure $4M to Bring Farm and Apartment Loans Onchain appeared first on Ventureburn .
A New York-based startup, Birch Hill, has secured $4 million in seed funding from Multicoin Capital to facilitate the integration of U.S. agricultural, energy, and apartment loans onto public blockchains. The investment round also saw participation from ParaFi Capital, Castle Island Ventures, and Nascent, bringing Birch Hill's total funding to $6.5 million.
CEO Bhavin Vaid, a former Goldman Sachs investment banking analyst, and co-founder Connor Flanagan, who once held a position at BlackRock, spearhead the eight-person team. The additional capital will bolster Birch Hill's three divisions: Vaults, Strategies, and Enterprise. Vaults serves as an official curator on Morpho, an onchain lending protocol, managing credit assessment and risk parameters.
Strategies develops onchain credit products such as Birch Hill Absolute Value. Enterprise seeks broker-dealer membership with FINRA to directly offer private credit offerings to accredited investors.
The firm is also in talks with the SEC Crypto Task Force to establish a regulatory framework for onchain lending. Birch Hill aims to securitize pools of U.S. multifamily housing, agricultural, and energy loans in a manner compliant with regulatory standards.
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