Mezo Prime launched with Anchorage and Bullish to channel institutional Bitcoin into segregated, eligible custodial vaults that earn an on-chain return and mint MUSD backed by BTC.
summary
- Mezo launched Mezo Prime with Anchorage Digital Bank and Bullish to allow corporate treasuries to earn an on-chain BTC return within an eligible custodial framework.
- The product uses separate Enclave vaults in Anchorage, without any mixing or re-charging, allowing BTC to be locked as veBTC for protocol fees or used as collateral to borrow MUSD.
- Bullish is the first institutional client and is deploying a portion of its BTC vault into Mezo Prime, along with a 250 BTC investment in Mezo itself.
Bitcoin’s original funding protocol middle It has launched Mezo Prime, a new institutional product designed to give corporate treasuries and professional BTC holders access to on-chain yields and lending while remaining within an eligible custody framework. The offering was built in partnership with Anchorage Digital Bank NA I will go to market with rising (NYSE: BLSH) as its first institutional client, along with a 250 BTC investment in Mezo from the exchange operator.
Mezo Prime targets a growing pool of enterprise and enterprise bitcoins that have so far remained largely dormant. Publicly traded companies alone now have more than 1 million bitcoins on their balance sheets, according to recent Treasury data. “There are over a million bitcoins on companies’ balance sheets today, and almost none of them are working,” said Matt Longo, co-founder of Mezo and CEO of Venture Studio. thesisin prepared statements. “Mezo Prime has changed that. Segregated custody through Anchorage Digital Bank, with no recaps, real revenue from protocol activity.”
The original Bitcoin thesis
At the heart of the new product are encryptions, which are separate bitcoins (Bitcoin) Vaults offered through Anchorage Digital Bank and offered directly through the Anchorage platform to its existing institutional client base. Each area is isolated for each depositor, without mixing assets or remortgaging, and is designed to meet higher standards of control, reporting and risk management than typical bundled return products. BTC held in the Enclave can be locked as veBTC to earn protocol fees from Mezo’s native Bitcoin activity or used as collateral to borrow MUSD, Mezo’s 100% Bitcoin-backed stablecoin.
“Institutions want to do more with their bitcoin, but not at the expense of security and control,” said Nathan McCauley, co-founder and CEO of Anchorage Digital, as the bank moves to expand its range of yield-generating options for clients. “Mezo Prime provides both separate secure custody and direct access to on-chain yield in a single platform.” The product is immediately available to Anchorage Digital Bank customers via the bank’s existing interface.
risingThe institutional-focused digital asset platform and parent company of CoinDesk, will be the first institution to participate in the Mezo Prime Bitcoin product through the company’s treasury. A portion of Bullish’s BTC holdings in Enclaves will be deployed on Mezo while remaining within Anchorage Digital’s custody and compliance pool, with a 250 BTC investment in Mezo coinciding with the launch. “Bullish is built on the belief that institutional standards and digital asset sharing are not mutually exclusive, and we are thrilled to be working with Mezo as a launch client,” said Tarun Kapoor, Vice President at Bullish. “Their veBTC design is a great example of this philosophy in practice – mitigating smart contract risks and maintaining BTC’s underlying security.”
Today’s launch builds on Mezo’s broader push to create Bitcoin’s original DeFi stack Includes fixed-rate Bitcoin-backed loans, the MUSD stablecoin and Bitcoin-denominated protocol fees, as well as previous integrations such as Support via the Anchorage self-custody portfolio Porto And multi-chain communication through wormhole. As corporate treasuries continue to accumulate Bitcoin as… Reserve assetsProducts like Mezo Prime demonstrate productivity endurance, On-chain strategies They are increasingly being adapted to institutional constraints rather than requiring institutions to bend to DeFi.
