Birch Hill closed a $4 million seed round led by Multicoin Capital, with participation from ParaFi Capital, Castle Island Ventures and Nascent, bringing its total funding to $6.5 million. Founded by former Goldman Sachs analyst Bhavin Vaid and former BlackRock employee Connor Flanagan, the company curates vaults on the onchain lending protocol Morpho. Its Enterprise division has applied to FINRA for broker-dealer membership to offer private credit to verified accredited investors. Over time, Birch Hill plans to securitize U.S. multifamily, agricultural and energy loans designed to be held onchain. The eight-person team includes three hires from Yearn and one from Gauntlet, while the SEC proposed new crypto asset regulations in August.
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