On-chain credit infrastructure Birch Hill completes $2.5 million Pre-Seed funding round

PANews reported on February 11 that Birch Hill has completed a $2.5 million Pre-Seed funding round, led by ParaFi Capital and Castle Island Ventures, with participation from Nascent, FalconX, EV3 Ventures, JST Digital, and Flowdesk. Birch Hill aims to address the lack of infrastructure for institutions in the on-chain real-world assets (RWA) and stablecoin markets, where the current RWA supply is $20 billion and the stablecoin market capitalization is $300 billion. This funding round also received support from several industry figures, including Bluerock founder Ramin Kamfar and The TIE CEO Joshua Frank.