crypto.news 2025-02-12 10:50:10

Avalon Labs considers filing first Bitcoin-backed debt public fund

Avalon Labs says it is exploring the possibility of filing the industry’s first Bitcoin-backed debt public fund aligned with SEC regulations. After issuing the world’s first Bitcoin ( BTC )-backed stablecoin USDa, Avalon Labs wants to expand their suite of financial products pegged to the BTC. On Feb. 12, Avalon announced in a recent post that is currently evaluating the possibility of filing the industry’s first Bitcoin-backed public debt fund under the U.S. Securities and Exchange Commission Regulation A framework. The SEC Regulation A framework is a securities exemption that enables companies to raise capital from credited and non-accredited investors through a public offering without having to adhere to a full SEC registration. As a result, Regulation A is often likened to a “mini- IPO ” and is widely used by fund managers, real estate investment trusts, and private companies to enter the market. By establishing the first Bitcoin-backed public debt fund, Avalon Labs hopes to bridge the gap between traditional finance and the crypto industry, paving the way for new opportunities to expand on Bitcoin-backed financial products. https://twitter.com/avalonfinance_/status/1889570340311073019 You might also like: Goldman Sachs CEO: ‘I don’t see Bitcoin as a threat to the U.S. dollar’ Co-Founder of Avalon Labs, Venus Li, said in a statement that Avalon Labs has spent years researching how Regulation A is implemented in traditional finance and how it could be utilized within the crypto sphere. “While successful precedents in the crypto industry are limited, our analysis of previous SEC-approved cases suggests a viable path forward,” said Li in a press release. In 2021, Li had successfully secured approval for a public debt fund from the SEC. If successfully implemented, a Bitcoin-backed public fund could become a milestone for the crypto industry, as it could attract more traditional investors into putting their funds in Bitcoin, while boosting mainstream adoption of Bitcoin-backed financial products. Avalon Labs is an on-chain financial center for Bitcoin, offering users a variety of crypto-centered products including BTC-backed lending, a Bitcoin-backed stablecoin, yield-generating accounts, and a credit card. According to data from DeFi Llama, Avalon’s Bitcoin-backed stablecoin, USDa, has a market cap of over $254 million. Read more: USDa is the second-largest CDP project worldwide at $84M

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