PANews reported on May 28 that according to BlockSpaces’ announcement, the company has completed a strategic financing of $2 million led by Axiom, which will be used to launch ARCC, a Bitcoin native mortgage and risk management platform. The platform uses HTLC technology to build a trust-minimized execution environment, supporting institutions to manage BTC mortgage contracts, forward transactions and BitBonds in a native way without the need for sidechains or custodial bridges. BlockSpaces said that ARCC will usher in a new era of Bitcoin smart contract finance and promote the modernization of institutional capital market infrastructure.