PANews reported on March 5 that according to Bloomberg, people familiar with the matter revealed that Bitcoin development company Blockstream Corp. has received a multi-billion dollar investment to launch three funds, two of which will support cryptocurrency lending. This investment shows that the cryptocurrency lending business, which once fell out of favor after the collapse of Sam Bankman-Fried's FTX exchange at the end of 2022, has regained favor, and the rising Bitcoin price and pro-cryptocurrency White House policies will also benefit the business.

Blockstream said in January that it planned to launch a fund to guarantee loans backed by bitcoin, another fund to support cryptocurrency lending with U.S. dollars as collateral, and a third fund to use hedge fund strategies. All three funds will go live on April 1, and two of the lending funds will be available for borrowing, according to a person familiar with the matter who asked not to be named. The company plans to accept additional outside funding starting July 1. Blockstream declined to comment further beyond confirming the planned launch date.