Unchained Powers Bitcoin-Backed Private Credit Fund in Partnership with Build Asset Management

Unchained Powers Bitcoin-Backed Private Credit Fund in Partnership with Build Asset Management

Time Stamp: September 18, 2023 2:01 PM
Source Node: 2887682

AUSTIN, Texas–(BUSINESS WIRE)–Unchained, the leader in financial services for bitcoin holders, today announced a partnership with Build Asset Management, a registered investment advisor and the sponsor of Build Secured Income Fund I, dedicated to investment in Unchained loans.

“Unchained is proud to work with Build Asset Management,” said Joe Kelly, co-founder and CEO of Unchained. “This partnership will allow more of our borrowers to unlock the value of their bitcoin.”

Unchained’s lending operation has originated over $500 million in loans since 2017 without experiencing any dollar losses. The firm’s collaborative custody solution in combination with the asset’s 24/7 liquidity and the transparency of bitcoin’s blockchain has led to excellent loan portfolio performance for Unchained.

Unchained has experienced a 170% increase in the firm’s lending activity from Q1 to Q2 2023. The jump followed the 2022 crypto market contagion, during which now-bankrupt lenders lost over $5 billion in customer funds and BTC dropped over 65% — therefore demonstrating confidence in both Unchained’s platform and bitcoin as an asset.

To learn more about Build Asset Management and Build Secured Income Fund I, please visit getbuilding.com and buildbitcoin.com.

About Unchained

Founded in 2016, Unchained is a top 10 bitcoin platform by assets secured and has helped thousands of individuals and businesses truly own their wealth by holding bitcoin keys. Unchained’s collaborative custody model allows clients to access financial services while continuing to have the benefits of self-custody, the ultimate consumer protection in these uncertain times. For more information on Unchained, please visit www.unchained.com.

About Build Asset Management

Build Asset Management, LLC (a/k/a Build Asset Management and/or GetBuilding.com) is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration of an investment adviser does not imply any skill or training. Build Asset Management does not provide legal or tax advice. Please consult your legal or tax professionals for specific advice.

Build was founded in 2018 with the mission of developing income and risk mitigation solutions to address an investment landscape undergoing generational changes.

Important Risk Information

Build does not guarantee any minimum level of investment performance or the success of the Fund. Past performance does not guarantee future results. There is a potential for loss in any investment, including loss of principal invested. All investments involve risk, and different types of investments involve varying degrees of risk. Investment recommendations will not always be profitable.

Bitcoin might be a speculative asset that may encounter future regulatory changes that may adversely affect its value. Bitcoin has experienced periods of extreme volatility.

This press release does not constitute advice or a recommendation or offer to sell or a solicitation to deal in any security or financial product. It is provided for information purposes only and on the understanding that the recipient has sufficient knowledge and experience to be able to understand and make their own evaluation of the proposals and services described herein, any risks associated therewith and any related legal, tax, accounting or other material considerations. To the extent that the reader has any questions regarding the applicability of any specific issue discussed above to their specific portfolio or situation, prospective investors are encouraged to contact Build Asset Management or consult with the professional advisor of their choosing.

Certain information contained herein constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue,” or “believe,” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events, results or actual performance may differ materially from those reflected or contemplated in such forward-looking statements. Nothing contained herein may be relied upon as a guarantee, promise, assurance or a representation as to the future.

YOU SHOULD MAKE YOUR OWN DECISION WHETHER THE FUND MEETS YOUR INVESTMENT OBJECTIVES AND RISK TOLERANCE LEVEL. THE INTERESTS ARE OFFERED ONLY TO QUALIFIED INVESTORS. THE INTERESTS HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, (the “SECURITIES ACT”) OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION, AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF BY AN INVESTOR. NEITHER THE US SECURITIES AND EXCHANGE COMMISSION (“SEC”), ANY STATE SECURITIES COMMISSION, OR ANY OTHER REGULATORY AGENCY OR GOVERNMENTAL AUTHORITY HAS: (I) REVIEWED THE DISCLOSURES INCLUDED HEREIN; (II) APPROVED, DISAPPROVED, ENDORSED OR RECOMMENDED THE INTERESTS; OR (III) PASSED UPON THE ADEQUACY OR ACCURACY OF THIS PRESENTATION OR THE MEMORANDUM. NO INDEPENDENT PERSON HAS REVIEWED OR CONFIRMED THE ACCURACY OR TRUTHFULNESS OF THESE DISCLOSURES, NOR WHETHER THEY ARE COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.

AN INVESTMENT IN THE INTERESTS INVOLVES SIGNIFICANT RISKS. ONLY INVESTORS WHO CAN BEAR THE ECONOMIC RISK OF THE INVESTMENT FOR AN INDEFINITE PERIOD OF TIME AND THE LOSS OF THEIR ENTIRE INVESTMENT SHOULD INVEST IN THE INTERESTS.

Contacts

Larissa Bundziak

Larissa@unchained.com
914-552-7427

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