Birch Hill said it closed a $4 million seed round led by Multicoin Capital, bringing its total funding to $6.5 million. ParaFi Capital, Castle Island Ventures and Nascent also participated.
The firm curates lending vaults on Morpho and has applied to FINRA for broker-dealer membership; it has not said the application was approved. It plans to eventually securitize pools of U.S. apartment, agriculture and energy loans for onchain holdings, rather than offering those products now.
