Mezo, a decentralized Bitcoin-native finance firm, is pleased to launch Mezo Prime, a product that provides seamless access to Bitcoin yield and lending on Mezo for institutional holders and corporate treasuries. Anchorage is the first digital bank in the United States to get the first position for being a federally chartered as a digital assets bank. The basic purpose of this massive amalgam is to ensure easy access to institutional Bitcoin Yield vaults for daily usage purposes.
Mezo Prime has the ability to remove the hindrance of users’ handicaps for the utility of Bitcoin at work. Before this, institutional holders and corporate treasuries were reluctant and unable to put Bitcoin to proper working order. From the other perspective, Mezo Prime is basically giving users a secure opportunity for spending Bitcoin with protected vaults, along with Anchorage and Bullish.
Mezo Prime Unlocks Institutional Bitcoin Yield with Secure Segregated Custody
Matt Luongo, co-founder of Mezo and CEO of Thesis, expressed his thoughts. He said, “Over a million Bitcoins sit on corporate balance sheets today, and almost none of its working. Mezo Prime changes that segregated custody through Anchorage Digital Bank, no rehypothecation, and real yield from protocol activity. We built this for the CFOs and treasury teams who already own the asset and are ready to put it to work how they choose.”
At the core of Mezo’s Prime facilitating are Enclaves, a segregated Bitcoin vault built for institutional depositors. These Enclaves are specified for each one personally without intermixing of assets across accounts. Security and protection are provided by Anchorage Bank, which ensures the direct connection with the client’s existing base.
Mezo Prime Strengthens Bitcoin Treasury Strategies Through Secure veBTC Infrastructure
The locked feature of Enclave for Bitcoin is very authentic, so clients can easily lock Bitcoin via veBTC to earn protocol fees or collective borrowing MUSD, Mezo’s Bitcoin-backed stablecoin. Nathan McCauley, Co-Founder and CEO of Anchorage Bank, happily expressed his emotional words. He said, “Institutions want to do more with their Bitcoin, but not at the expense of security and control. Mezo Prime delivers both secure, segregated custody and direct access to on-chain yield in one platform.”
In this Bullish, a socially listed institutional digital asset platform has also become the first institutional partner of Anchorage Bank in the Bitcoin yield product, although it is already providing the security and compliance of infrastructure before this integration, along with Mezo Prime’s launch product line. Bullish has invested 250 BTC into Mezo.
Tarun Kapoor, Vice President of Bullish, also disclosed some words on Bullish creation. He said, “Bullish was built on the belief that institutional standards and digital assets participation aren’t in conflict, and we’re delighted to work with Mezo as a launch customer. Their veBTC design is a great example of that philosophy in practice- mitigating smart contract risk and keeping the underlying BTC secure.
