<\/p>\n
Mezo Prime launches with Anchorage and Bullish to route institutional Bitcoin into segregated, qualified\u2011custody vaults that earn onchain yield and mint BTC\u2011backed MUSD.<\/p>\n
<\/p>\n
Bitcoin\u2011native finance protocol\u00a0Mezo<\/a>\u00a0has launched Mezo Prime, a new institutional product designed to give corporate treasuries and professional BTC holders access to on\u2011chain yield and lending while remaining inside a qualified\u2011custody framework. The offering is built in partnership with\u00a0Anchorage Digital Bank N.A.<\/a>\u00a0and will go to market with\u00a0Bullish<\/a>\u00a0(NYSE: BLSH) as its first institutional customer, alongside a 250 BTC investment into Mezo from the exchange operator.<\/p>\n Mezo Prime targets a growing pool of corporate and institutional Bitcoin that has so far remained largely idle. Publicly traded companies alone now hold more than 1 million BTC on their balance sheets, according to recent treasury data. \u201cOver a million Bitcoin sits on corporate balance sheets today, and almost none of it is working,\u201d said Matt Luongo, co\u2011founder of Mezo and CEO of venture studio\u00a0Thesis<\/a>, in prepared remarks. \u201cMezo Prime changes that. Segregated custody through Anchorage Digital Bank, no rehypothecation, real yield from protocol activity.\u201d<\/p>\n At the core of the new product are Enclaves, segregated Bitcoin (BTC) vaults offered via Anchorage Digital Bank and exposed directly through the Anchorage platform to its existing institutional client base. Each Enclave is isolated per depositor, with no asset commingling and no rehypothecation, designed to meet higher standards for control, reporting and risk management than typical pooled yield products. BTC held in an Enclave can be locked as veBTC to earn protocol fees from Mezo\u2019s Bitcoin\u2011native activity or used as collateral to borrow MUSD, Mezo\u2019s 100% Bitcoin\u2011backed stablecoin.<\/p>\n \u201cInstitutions 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 onchain yield in one platform,\u201d said Nathan McCauley, co\u2011founder and CEO of Anchorage Digital, as the bank moves to expand its range of yield\u2011generating options for clients. The product is available immediately to Anchorage Digital Bank clients via the bank\u2019s existing interface.<\/p>\n Bullish, the institutionally focused digital asset platform and parent company of CoinDesk, will be the first institution to participate in the Mezo Prime Bitcoin yield product through its corporate treasury. A portion of Bullish\u2019s BTC holdings will be deployed into Enclaves on Mezo while remaining inside Anchorage Digital\u2019s custody and compliance stack, with a 250 BTC investment into Mezo coinciding with the launch. \u201cBullish was built on the belief that institutional standards and digital asset participation aren\u2019t in conflict, and we\u2019re delighted to work with Mezo as a launch customer,\u201d said Tarun Kapoor, vice president at Bullish. \u201cTheir veBTC design is a great example of that philosophy in practice \u2013 mitigating smart contract risk and keeping the underlying BTC secure.\u201d<\/p>\n Today\u2019s launch builds on Mezo\u2019s broader push to create a\u00a0Bitcoin\u2011native DeFi stack<\/a>\u00a0that includes fixed\u2011rate BTC\u2011backed loans, the MUSD stablecoin and BTC\u2011denominated protocol fees, as well as earlier integrations such as\u00a0support via Anchorage\u2019s self\u2011custody wallet Porto<\/a>\u00a0and multichain connectivity through\u00a0Wormhole<\/a>. With corporate treasuries continuing to accumulate Bitcoin as a reserve asset, products like Mezo Prime illustrate how yield\u2011bearing, on\u2011chain strategies are increasingly being adapted to institutional constraints rather than asking institutions to bend to DeFi\u2019s.<\/p>\n <\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Mezo Prime launches with Anchorage and Bullish to route institutional Bitcoin into segregated, qualified\u2011custody vaults that earn onchain yield and mint BTC\u2011backed MUSD. Summary Mezo has launched Mezo Prime with…<\/p>\n","protected":false},"author":1,"featured_media":15714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=27038"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27038\/revisions"}],"predecessor-version":[{"id":27039,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27038\/revisions\/27039"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15714"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=27038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=27038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=27038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin-native thesis <\/h2>\n