French Bitcoin treasury firm Capital B is developing a Bitcoin credit tool for the European market.

iconChaincatcher
Share
AI summary iconSummary

ChainCatcher report, according to The Block, French Bitcoin treasury company Capital B is planning to launch a Bitcoin credit product for the European market, similar to Strategy’s STRC and Strive’s SATA. Alexandre Laizet, a member of Capital B’s board, stated that this initiative aims to provide digital credit instruments tailored for Europe, transforming the market landscape. The product is designed to leverage the company’s holdings of 3,139 BTC as underlying assets, delivering double-digit yields with volatility capped in single digits. Capital B is listed on pan-European exchanges and positions itself as Europe’s largest Bitcoin reserve company, with a goal to accumulate 1% of the total Bitcoin supply by 2033 and hold 15,000 BTC by the end of 2027.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.