Key facts
- Birch Hill raised $4 million in a seed round led by Multicoin Capital.
- The firm plans to securitize multifamily, agriculture, and energy loans onchain.
- It has applied for FINRA broker-dealer status to sell private credit to accredited investors.
Birch Hill, a startup founded by former Goldman Sachs and BlackRock employees, has raised $4 million in a seed funding round led by Multicoin Capital. The funding, which also included participation from ParaFi Capital, Castle Island Ventures, and Nascent, brings the company's total funding to $6.5 million. The firm aims to securitize U.S. multifamily, agriculture, and energy loans on public blockchains within the existing regulatory framework. Birch Hill has applied for broker-dealer status with FINRA to offer private credit to accredited investors and has met with the SEC's Crypto Task Force.