Search results for ParaFi
Crypto
UK bitcoin treasury firm Satsuma sells all BTC, moves toward delisting
UK bitcoin treasury firm Satsuma Technology will sell all 668 bitcoin it holds and wind down the business, less than a year after adopting bitcoin holdings as a core strategy. Shareholders approved the sale and a London Stock Exchange delisting with more than 90 percent support. After selling about $43.5 million of bitcoin, the company plans to refund remaining funds via a UK “B share scheme”, projecting payouts of 26.8 million to 30.0 million pounds after costs.
Crypto
Ground raises $3.6 million to offer API for onchain yield products
Ground, a startup founded by former Superstate co-founder Reid Cumming, has closed a $3.6 million pre-seed funding round. The company provides a platform that lets fintech firms and asset managers access onchain yield products through an API. The round was co-led by Bain Capital Crypto and ParaFi, with participation from Nascent, Robot Ventures, Chapter One and CoinFund Ventures. Ground supports protocols including Aave, Morpho, Maple and Kamino.
Crypto
Birchill raises $2.5 million to strengthen institutional on-chain credit infrastructure
Birchill Holdings raised $2.5 million in a pre-seed funding round. The Block reported the round was co-led by Parafi Capital and Castle Island Ventures, with participation from Nascent, FalconX Ventures, JST Digital, Flowdesk and BlueRoc founder Ramin Kampar. Birchill said it will use the funding to expand on-chain credit infrastructure for institutional investors and develop lending strategies focused on structured risk management and capital preservation.
