As the crypto markets continue to evolve, a new trend is emerging – financialization. One example of this is the rise of hashrate-backed contracts. While these contracts are not entirely new, Blockstream is taking a unique approach with its latest offering.
Blockstream’s Innovative Note
What sets Blockstream’s note apart is its duration. Unlike most contracts that lock in the hashprice for a few months, Blockstream’s contracts can last up to 12 months. This means that investors can have more stability and predictability in their investments.
James Macedonio, Blockstream’s SVP global head of mining sales and business development, highlighted the benefits of these longer-term contracts. By locking in the hashprice for a longer period, investors can better hedge against market fluctuations and uncertainties.
BMN2: A Unique Security Token
One of Blockstream’s latest offerings is BMN2, an EU-compliant security token. This token gives investors exposure to the bitcoin hashrate over a 48-month period. By investing in BMN2, investors can tap into the potential of the crypto markets while minimizing risks.
Overall, Blockstream’s innovative approach to hashrate-backed contracts is reshaping the crypto markets. With longer durations and unique offerings like BMN2, investors have more options to diversify their portfolios and navigate the complexities of the crypto landscape.
