Maestro launches mining-backed Bitcoin credit market for institutions

Maestro launches mining-backed Bitcoin credit market for institutions

Maestro launches mining-backed Bitcoin credit market for institutions

Maestro launched Mezzamine, a Bitcoin credit market linking institutional BTC holders with miners seeking capital backed by mining output.

Bitcoin infrastructure provider Maestro has launched a Bitcoin-denominated credit market backed by mining economics, aiming to give institutions a new way to earn yield on idle Bitcoin while expanding financing options for miners.

Maestro said Mezzamine went live with its first program in partnership with mining-as-a-service provider Sazmining. According to a Tuesday announcement shared with Cointelegraph, the program is designed to let institutional Bitcoin (BTC) holders deploy BTC into mining-backed credit facilities targeting an annual yield of 8% to 9%.

The offering is designed to connect miners seeking capital with institutional Bitcoin holders seeking BTC-denominated yield, creating an onchain credit market tied to mining expansion rather than protocol staking rewards.

Read more

About The Author

Please enter CoinGecko Free Api Key to get this plugin works.