Unchained Partners with Build Asset Management to Enhance Bitcoin-Based Investments
- Unchained collaborates with Build Asset Management to expand Bitcoin-based investments.
- Unchained’s lending division reports a 170% increase in activity from Q1 to Q2 2023, showcasing sustained trust in the platform.
Unchained, a renowned financial service provider catering to Bitcoin holders, has unveiled an impactful strategic partnership with Build Asset Management, the sponsor of Build Secured Income Fund I. The primary focus of this collaboration is to bolster investments in Unchained loans.
Joe Kelly, the co-founder and CEO of Unchained, expressed his enthusiasm for this partnership by stating, “This partnership will allow more of our borrowers to unlock the value of their bitcoin.” Since its establishment in 2017, Unchained’s lending division has successfully originated loans exceeding a staggering $500 million, all without recording any dollar losses. The company attributes this outstanding performance to its collaborative custody solution, round-the-clock liquidity of assets, and the transparency provided by Bitcoin’s blockchain.
Notably, Unchained witnessed a significant 170% surge in lending activities from Q1 to Q2 2023. This substantial increase followed the 2022 crypto market contagion, a period marked by the bankruptcy of several lenders, resulting in losses surpassing $5 billion in customer funds. Additionally, Bitcoin’s value plummeted by over 65%. Despite these setbacks, the data underscores the sustained trust in Unchained’s platform and the resilience of Bitcoin as a viable asset.
Founded in 2016, Unchained has earned its place among the top 10 Bitcoin platforms based on secured assets. The company has empowered countless individuals and businesses to assert genuine ownership of their wealth through Bitcoin keys. Unchained’s unique collaborative custody model provides clients with access to financial services while retaining the advantages of self-custody.
Build Asset Management’s Mission
Build Asset Management, LLC, also known as Build Asset Management or GetBuilding.com, is an investment adviser registered with the U.S. Securities and Exchange Commission. Established in 2018, Build’s primary objective is to devise income and risk mitigation strategies in response to the evolving investment landscape.
The strategic partnership between Unchained and Build Asset Management signifies a significant step in enhancing Bitcoin-based investments and further solidifies Unchained’s position as a trusted platform for Bitcoin holders.