Birch Hill raises $4M to bring US loans onchain

The New York startup's seed round was led by Multicoin Capital, and it plans to eventually put apartment, farm and energy loans on public blockchains Birch Hill wants to take some of the least glamorous corners of American lending and put them onchain. Apartment buildings, farms, and energy projects are on its list. The New York startup said Wednesday it closed a $4 million seed round led by Multicoin Capital. ParaFi Capital, Castle Island Ventures, and Nascent also joined the round. The company’s long-term plan is to securitize multifamily, agriculture, and energy loans onchain.