NewsDialy
The short version is that crypto venture capital firm Hashed is launching a new private credit fund with a target size of $300 million.
The fund aims to solve a financing bottleneck in the institutional digital asset sector by using covenant-based underwriting.
In plain terms, covenant-based underwriting is a lending method that relies on specific contractual promises and financial metrics to assess risk, rather than relying solely on the value of the collateral being pledged.
The Financing Gap Institutional digital asset companies often face a critical gap in available financing.
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