May 9, 2022
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News

BKCoin Capital leverages Conduit to diversify their strategy through DeFi yield

Conduit is excited to announce that BKCoin Capital, a hedge fund at the forefront of the digital asset revolution, has integrated with Conduit to earn yield through DeFi.

BKCoin Capital is a cutting edge fund, offering institutional investors an opportunity to capitalize on the crypto market to earn higher returns than standard traditional finance strategies allow. Partnering with Conduit has allowed BKCoin to further diversify their strategy by connecting their fund to stablecoin-based crypto-lending interest.

Since depositing part of their fund into Conduit’s crypto-backed Corporate Treasury Management product, BKCoin Capital have seen market-neutral returns of over 10% APY, while keeping their funds completely accessible for rebalancing.

“From the start, our mission has been to offer investors exposure to the world’s fastest growing emerging asset class,” said Kevin Kang, BKCoin Capital Founding Principal. “By allocating a portion of our fund to USD-backed stablecoins and earning through Conduit, we have an easy first step into earning via lending on that asset class.”

Conduit and BKCoin Capital are both excited for the future of the partnership, as BKCoin looks to leverage Conduit upcoming products for additional earning opportunities.