Today, Acacia Research Corporation (Nasdaq ACTG: ACTG has announced a brand new partnership with Unchained Acacia has partnered with and Build Asset management to focus on an attractive commercial lending strategy backed by Bitcoin. This is intended to deliver risk-adjusted, high returns to Acacia while increasing its exposure to the growing Bitcoin ecosystem.
“We are very excited to partner with Unchained and Build for this Bitcoin-backed loan strategy,” Say Martin (“MJ”D. McNulty, Jr., CEO of Acacia. “Investors around the world are increasingly looking to capitalize on the value Bitcoin provides as a secure source of quality collateral.”
As per the press releaseAcacia is a partner in the project that will allow it to purchase whole commercial loans, which are collateralized with Bitcoin. Acacia’s wholly-owned subsidiary will buy these commercial whole loans, which were originated by Unchained. Build Asset Management is responsible for providing administrative services and other related services to hold and manage these loans.
McNulty went on to explain the benefits of this strategy and its structure. “We believe the loans will provide attractive risk-adjusted returns given their healthy interest rates, low loan-to-value metrics, and the protection and innovation in the institutional custody solutions for the Bitcoin backing these fully recourse loans.”
Acacia continues to invest its capital strategically and use operational experience to capitalize on emerging business opportunities such as Bitcoin.
“This partnership allows us to participate in the Bitcoin ecosystem in a way that enables holders dollar liquidity while maintaining their Bitcoin ownership,” McNulty added. “Our team constantly explores creative ways to generate value for shareholders, and we believe this partnership will do exactly that.”
UnchainedIn 2016, the company was founded and is based out of Austin, Texas. It has since become one of the leading players in Bitcoin Financial Services. The company secured more than $12 billion of Bitcoin assets. originated Thanks to the innovative model of collaborative custody, it was able to provide $1 billion worth of loans without rehypothecation.
Build Asset Management was launched in 2018 and brings expertise to credit strategies based on Bitcoin. In 2023, it will launch a private fund aimed at small-medium-sized companies.
Three firms are working together to harness the Bitcoin value to open up new avenues for investment and finance.
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Source: bitcoinmagazine.com
