Birch Hill raised $4 million in a seed round led by Multicoin Capital, according to a Decrypt report summarized by BlockBeats on October 28. ParaFi Capital, Castle Island Ventures and Nascent participated, bringing total funding to $6.5 million.
Private-credit plans
Founded by former Goldman Sachs and BlackRock employees, the company currently manages vaults on Morpho. It has applied to FINRA for broker-dealer status and plans to sell private-credit products to eligible investors, the report said.
Its longer-term plan is to securitize US multifamily-housing, agricultural and energy loan pools and bring them onchain. Those products remain described as plans.
Sources: BlockBeats English report and the original Chinese flash. The flash was published 2026-10-28 at 13:15:25 UTC.