co-founder & coo @BirchHill_io | ex @unitzerolabs @flipsidecrypto @BlackRock
Joined March 2020
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Connor Flanagan retweeted
Thrilled to formally welcome @PossiblyJT as our Head of Curation. @schlagonia, @omgcorn and Ian Plosker join from @yearnfi to lead Birch Hill Absolute Value, and @t__norm joins from @gauntlet_xyz to lead business development.
Technology and financial services have gone through repeated cycles of bundling and unbundling.
At Birch Hill, we believe public blockchains, with permissionless and transparent settlement, allow the credit stack to be reintegrated. Fewer handoffs means less information lost between lender and borrower, and the efficiency gains go to both.
Thank you to @multicoin for leading our seed round.
Birch Hill has raised a $4M seed round led by @multicoin, with participation from @paraficapital, @castleIslandvc and @nascent.
We鈥檙e building the regulated path for credit onchain, connecting U.S. credit to onchain capital.
Connor Flanagan retweeted
Today, we are announcing that Multicoin led a $4 million seed round in Birch Hill, a vertically integrated onchain credit platform that connects institutional credit supply and stablecoin-denominated demand.
Connor Flanagan retweeted
Birch Hill has raised a $4M seed round led by @multicoin, with participation from @paraficapital, @castleIslandvc and @nascent.
We鈥檙e building the regulated path for credit onchain, connecting U.S. credit to onchain capital.
Connor Flanagan retweeted
The USD.infra Vault Is Now Open 馃敁
The Internet runs on digital infrastructure. Now with DAWN, that infrastructure is financeable on-chain.
Introducing the USD.infra Vault: A new way to finance digital infrastructure powering AI compute and connectivity.
Connor Flanagan retweeted
New website, bigger mission. Check us out at infrastructure.finance and stay tuned for some fun news next week. Will have plenty to say then.
There is a once in a generation demand for new infrastructure.
Nearly $7T will be invested into AI infrastructure and data centers by 2030, and the people building it can't get financed fast enough.
DAWN tokenizes AI infrastructure so institutions and retail can access its cash flows as on-chain yield.
Read More Here 馃憞
Connor Flanagan retweeted
BREAKING: @dawninternet's USD.infra vault goes live on Solana Sept 22.
Launch partners: @Paxos, @m0, @chainlink, @kamino, @JupiterExchange, @orca_so, @Loopscale, @ExponentFinance, @Titan_Exchange, @perena, @turtledotxyz, @project0 and @BirchHill_io.
Structure is what we covered in our April COIL report as USDtel but adds support for AI infra.
There is a once in a generation demand for new infrastructure.
Nearly $7T will be invested into AI infrastructure and data centers by 2030, and the people building it can't get financed fast enough.
DAWN tokenizes AI infrastructure so institutions and retail can access its cash flows as on-chain yield.
Read More Here 馃憞
Connor Flanagan retweeted
Thank you to @HesterPeirce and the @SECGov Crypto Task Force for taking the time to meet with us yesterday to learn about @BirchHill_io鈥檚 vault platform, our compliance & onboarding architecture, and how we are thinking about registration.
Connor Flanagan retweeted
Vaults have become the primary distribution layer for onchain yield. Our COO @cflan_ and @omgcorn from @yearnfi get into where that鈥檚 going on the @vaultsfyi podcast
#34: @omgcorn, @yearnfi & @cflan_, @BirchHill_io
@ryanrodenbaugh speaks w/ corn and Connor on defining what a vault is, why not every vault is a security, how Yearn spotted $10M missing from Stream before it collapsed, & what it takes to lend against a tokenized REIT. Enjoy!
Connor Flanagan retweeted
#34: @omgcorn, @yearnfi & @cflan_, @BirchHill_io
@ryanrodenbaugh speaks w/ corn and Connor on defining what a vault is, why not every vault is a security, how Yearn spotted $10M missing from Stream before it collapsed, & what it takes to lend against a tokenized REIT. Enjoy!
Connor Flanagan retweeted
Big launch! Been keeping an eye on @BirchHill_io since writing the State of Onchain Credit at @serotonin_hq.
Yesterday, they launched their first product, a market on @Morpho for the GRO token by @GromaCorp, powered by a @ChronicleLabs Proof of Asset feed with property-level composition data for the underlying Groma Real Estate Trust.
Each $GRO is a tokenized share in the REIT, with a total market cap of $68.6M on @base. The Birch Hill RWA USDC vault has $101k in deposits and is currently yielding 5.5%, compared to GRO's 7.7% annualized return since inception.
Seeing this launch coincide with the SEC publishing a precautionary statement regarding vault curators stuck out to me.
It's clear Birch Hill took the utmost precaution themselves when building this vault and the associated market. KYC, accreditation checks, and AML screens show this is an onchain financial product built by serious operators. Shoutout @RealBhavinVaid, @cflan_, and @jfo____.
Looking forward to seeing this grow, and will be keeping tabs on the "Rentvesting" concept being pioneered by Groma and enabled by Birch Hill with this market.
Renters of Groma's properties pay rent every month. The difference is those funds are used to purchase a stake in the REIT, deposit it on the GRO/USDC market, and borrow against it to pay the actual rent. This way, renters can make payments like normal while gaining equity and long-term upside.
Still need to do more research, but it's a very enticing concept, especially for me as someone big into personal finance and who prefers renting over homebuying given the state of the market.
ALT "Rentvesting" by Groma, enabled by Birch Hill, explained.
Connor Flanagan retweeted
Only 22% of Americans under 35 own a home. A generation is locked out of the asset class.
Today @BirchHill_io published why rentvesting is the answer, and the perfect use case to scale our first market and vault. Rent becomes REIT equity. @GromaCorp finances the rent. Renters keep the upside.
Rentvesting needs a credit rail, and that's what we built. @GromaCorp borrows USDC against its real estate balance sheet at programmatic, transparent rates. As vault supply deepens, borrow rates compress, and the program scales.
Connor Flanagan retweeted
Chronicle鈥檚 Proof of Asset infrastructure is powering the first REIT-backed loans to come onchain.
@GromaCorp REIT shares managed by @BirchHill_io are now usable as collateral for USDC loans in a @Morpho market on Base.
Connor Flanagan retweeted
I believe this is a world first, there is no other fully onchain REIT right? Very happy to be part of the team bringing this to market.
Groma has another unlock here too, called Rent Vesting. Qualified investors who are renting are now able to earn back a share of their region through Groma.
You pay your rent to Groma, they leverage your payment to both pay your rent and give you back a share of the REIT. Think about that for a second, this is a product that is in it's most seamless form because it is onchain. A true unlock.
Groma is accepting more Rent Vesters right now. And if you live in Boston, RI, NYC, Groma could be the next place for you to live too. A 4 star, 270+ reviewed property manager? Inconceivable, until now.
