Birch Hill Raises $4M Seed Round to Bring Real-World Loans Onchain
The Wall Street-founded firm has collected $6.5 million in total backing and submitted a FINRA broker-dealer application to distribute private credit.
At a glance Announced
- What happened
- Birch Hill raised a $4 million seed round led by Multicoin Capital and applied for FINRA broker-dealer approval.
- Why it matters
- The company aims to bridge institutional credit to onchain platforms by securitizing domestic real estate, farm, and energy loans.
- Who is affected
- Birch Hill, institutional credit originators, accredited investors, and Morpho protocol users.
- What's next
- FINRA review of Birch Hill's broker-dealer registration application.
- Primary source
- decrypt.co: Goldman, BlackRock Alumni Raise $4 Million to Put Farm and Apartment Loans Onchain
Key points
- Birch Hill raised a $4 million seed round led by Multicoin Capital, reaching $6.5 million in total funding 1.
- The firm submitted an application for FINRA broker-dealer status to place private credit with accredited investors 1.
- Operations include curating credit vaults on Morpho and developing plans to securitize farm, energy, and apartment debt 1.
Birch Hill secured a $4 million seed funding round to expand its onchain credit infrastructure, bringing its cumulative funding to $6.5 million 1. Venture capital firm Multicoin Capital led the financing round, with capital also contributed by ParaFi Capital, Castle Island Ventures, and Nascent 1.
The startup was founded by former Goldman Sachs analyst Bhavin Vaid alongside former BlackRock risk operations specialist Connor Flanagan 1. To support technical and business development, the eight-person firm added former Gauntlet staffer Traver Normandi and three former Yearn platform contributors, including Yearn v3 development lead Brad Schlagel 1.
Multi-Tiered Credit and Licensing Strategy
Birch Hill structures its operations across three distinct units 1. Its Vaults division operates as an official curator on decentralized lending protocol Morpho, where it evaluates borrower credit and configures operational risk parameters 1. Concurrently, its Strategies group creates onchain credit vehicles, such as the Birch Hill Absolute Value product 1.
Through its Enterprise arm, the firm submitted an application to the Financial Industry Regulatory Authority (FINRA) seeking broker-dealer membership 1. The registration would authorize Birch Hill to sell private credit allocations directly to accredited investors 1. Looking forward, the company intends to tokenize and securitize American debt portfolios backed by agricultural operations, multifamily housing, and energy initiatives 1. Birch Hill held discussions with the Securities and Exchange Commission's Crypto Task Force in August to navigate packaging real-world assets within federal regulatory structures 1.
Sources
- [1] Goldman, BlackRock Alumni Raise $4 Million to Put Farm and Apartment Loans Onchain — decrypt.co, October 28, 2026
Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: corrections@basisdesk.news · corrections policy.
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