Atlas21
  • ‎
No Result
View All Result
Atlas21
No Result
View All Result
Atlas21
Home Bitcoin

Firefish raises $1.8 million to expand the Bitcoin lending market

Newsroom by Newsroom
April 9, 2025
in Bitcoin, Industry
firefish
Share on FacebookShare on TwitterShare on Linkedin

The Bitcoin-collateralized lending platform expands its offering with new USDC services.

Firefish, a marketplace for Bitcoin-backed loans, has announced the closing of a $1.8 million funding round to accelerate its global expansion and further develop its institutional lending program.

The company’s focus is to make instant loans accessible using Bitcoin as collateral, while minimizing the need for counterparty trust.

The platform has now extended its offering to include loans in USDC for users in the United States and global markets.

Martin Matejka, CEO and co-founder of Firefish, stated:

“We’re not reinventing TradFi with Bitcoin on the surface—we’re rebuilding lending from the ground up using Bitcoin’s core principles. This investment demonstrates that Bitcoin-native lending can be done at scale—without taking shortcuts.”

Firefish operates in a non-custodial manner: the company does not hold users’ assets, which are never rehypothecated for other loans. Bitcoins used as collateral are locked in on-chain escrow using multi-sig contracts, while fiat loans are settled directly between borrower and lender via standard bank transfers or stablecoins.

Firefish’s recovery feature also allows users to reclaim their bitcoin collateral even in critical scenarios, using a pre-signed recovery transaction.

The funding round included participation from mining pool Braiins. The Czech company recently used Firefish to obtain a $400,000 loan by posting its bitcoins as collateral to expand its business operations.

Eli Nagar, CEO of Braiins, commented:

“It took less than 24 hours to collateralize 8.75 BTC and borrow euros.”

Previous Post

FTX extends KYC deadline, $2.5 billion in refunds at risk

Next Post

Investigations into exchanges and wallets dropped: Phoenix Wallet returns to the U.S.

Latest News

Il futuro del mining? Green e decentralizzato
Bitcoin

The future of mining? Green and decentralized

by Plak
May 28, 2025
0

An analysis of the present and a look at the future of Bitcoin mining, between data, critical reflections and a...

Read moreDetails
Polemica Bitkey: il marketing di Dorsey divide la community
Bitcoin

Bitkey controversy: Dorsey’s marketing divides the community

by Newsroom
May 28, 2025
0

Block's hardware wallet sparks debate between security and borderline compromises.

Read moreDetails
Cantor Fitzgerald lancia i primi prestiti garantiti da bitcoin
Bitcoin

Cantor Fitzgerald launches first bitcoin-backed loans

by Newsroom
May 28, 2025
0

The Wall Street financial institution has signed strategic agreements for bitcoin-backed loans with Maple Finance and FalconX.

Read moreDetails
bitcoin
Bitcoin

Jack Dorsey’s Block to integrate Bitcoin payments into Square

by Newsroom
May 28, 2025
0

Jack Dorsey’s company is bringing bitcoin payments to the retail market through the Lightning Network.

Read moreDetails
bitcoin
Bitcoin

El Salvador: IMF ready to block new Bitcoin purchases

by Newsroom
May 28, 2025
0

The IMF wants to ensure that the Central American country stops buying more Bitcoin, despite President Bukele’s stance.

Read moreDetails
Atlas21

© 2025 Atlas21

Navigate Site

  • About
  • Home
  • Feature
  • Bitcoin
  • Careers
  • Opinion
  • Interviews
  • Privacy Policy
  • News
  • Learn
  • B2B
  • Press
  • Cookie Policy

Follow Us

No Result
View All Result
  • News
  • Interviews
  • Learn
  • Feature
  • Services
  • Adoption
  • ‎
    • ‎

© 2025 Atlas21

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site, we will assume that you are happy with it.AcceptCookie