
Tech • IA • Crypto
Strike rolled out Bitcoin-backed loans across most of the U.S. and parts of the EU, targeting long-term holders seeking liquidity. Rates start at 7.49%, aiming to compete with traditional credit markets. The firm also introduced proof-of-reserves with external audits to rebuild trust after past crypto lending failures. The move positions Strike as a full-stack Bitcoin financial services platform spanning payments, deposits, and credit.
Morgan Stanley introduced MSBT, a Bitcoin-backed ETP, marking the first such product from a G-SIB bank. The firm cited Bitcoin’s roughly $1.5 trillion market size as justification for prioritization. Plans include expanding into spot trading and broader infrastructure. Executives emphasized regulatory clarity and investor education as key barriers to wider adoption.