Goldman, BlackRock Alumni Raise $4 Million to Put Farm and Apartment Loans Onchain
RWA Signal Insight
Private CreditNew York-based startup Birch Hill has secured $4 million in a seed funding round led by Multicoin Capital, bringing its total capital raised to $6.5 million. Founded by alumni from Goldman Sachs and BlackRock, the firm aims to bridge traditional private credit markets with public blockchain infrastructure. Birch Hill operates through three divisions focused on credit curation for the Morpho lending protocol, the development of onchain credit strategies, and an enterprise arm seeking FINRA broker-dealer status. The company plans to securitize pools of U.S. multifamily, agricultural, and energy loans for onchain deployment within existing regulatory frameworks. By engaging with the SEC’s Crypto Task Force, the team intends to create credit products that meet the compliance standards required by institutional fiduciaries like banks and insurers. This development highlights the growing trend of integrating fragmented private credit markets into transparent, onchain environments. The startup has also bolstered its technical capabilities by hiring key developers from the Yearn ecosystem to support its infrastructure goals.
Key points
- Birch Hill raised $4 million in seed funding, reaching $6.5 million in total capital.
- The firm is pursuing FINRA broker-dealer membership to facilitate compliant private credit offerings.
- Birch Hill plans to securitize U.S. apartment, farm, and energy loans for public blockchains.
- The team includes former staff from Goldman Sachs, BlackRock, and the Yearn protocol.
Background
Birch Hill is a financial technology firm focused on tokenizing private credit assets to improve capital efficiency and transparency. It leverages onchain lending protocols like Morpho to curate credit risk and build structured products that bridge the gap between traditional loan originators and decentralized liquidity providers.