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Mezo launches institutional Bitcoin yield vault, with Bullish as the first client
CryptoWorld News reports that Mezo Financial Protocol has announced the launch of Mezo Prime, a new institutional product designed to provide on-chain yield and lending opportunities for corporate finance and professional Bitcoin holders, while remaining within a qualified custody framework. The product is in partnership with Anchorage Digital Bank, with the first client being Bullish (NYSE: BLSH), which has received an investment of 250 BTC. Mezo Prime aims to activate currently idle corporate and institutional Bitcoin, with publicly traded companies holding over 1 million BTC on their balance sheets. Mezo co-founder Matt Luongo stated that Mezo Prime will offer secure segregated custody through Anchorage Digital Bank, ensuring assets are not re-hypothecated and generating real yields from protocol activities. The product is now open to Anchorage Digital Bank clients.