Goldman, BlackRock Alumni Raise $4 Million to Put Farm and Apartment Loans Onchain
Summary
Birch Hill raised $4 million in a seed round led by Multicoin Capital, bringing total funding to $6.5 million. The New York firm evaluates credit risk for lending vaults on Morpho and develops onchain credit products. It has also applied for FINRA broker-dealer membership to place private-credit offerings with accredited investors. Longer term, Birch Hill plans to package U.S. multifamily, agriculture and energy loans for onchain investment within the U.S. regulatory framework. The funding will support its eight-person team.
