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Author: Admin | 2025-04-28
Has established partnerships with over 50 brokers, “marking the Global Broker Program as a critical step in expanding BingX’s service scope,” it said.Meanwhile Group Unveils First Bitcoin Private Credit FundParent company Meanwhile Group’s investment manager arm, Meanwhile Advisors, has announced the launch of “a first-of-its-kind” bitcoin private credit fund, Meanwhile BTC Private Credit Fund LP.The press release stated that the private credit fund aims to attract institutional investors seeking access to BTC’s growth with an added conservative BTC-denominated yield targeting 5% during the closed fund’s term.The fund operates under a distinctive structure to ensure tax efficiency for its investors, it said. Investors contribute USD, which is converted into BTC immediately following the fund’s single close. This means that the fund will not take any currency risk to fund the lending activities. Fees are charged in BTC.This news comes after the company launched a life insurance company entirely denominated in crypto and on the heels of Meanwhile Group’s $20 million seed funding announcement in June, led by OpenAI founder Sam Altman, former Stripe executive Lachy Groom, and Google-affiliated Gradient Ventures.In the coming months, Meanwhile Group aims to develop a comprehensive range of financial products denominated in crypto, including term life insurance and accidental death coverage in BTC.
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