Bhavin Vaid
Bhavin Vaid is the co-founder and chief executive officer of Birch Hill HoldingsBirch HillBirch Hill is a New York-based financial services business providing market curation, credit assessment, product structuring and institutional services for onchain credit and tokenized assets.Open the full entry, a New York onchain credit company. He worked in structured credit at Goldman SachsGoldman SachsGoldman Sachs is an American financial services group headquartered in New York whose businesses include investment banking, securities trading, asset management, and wealth management. It traces its origins to the commercial paper business Marcus Goldman founded in 1869; it listed on the New York Stock Exchange in 1999 under the ticker GS and became a bank holding company in 2008. David Solomon serves as chairman and chief executive officer.Open the full entry and later at Cerberus Capital Management and 10T Holdings, and in 2024 co-founded the crypto venture firm Halo Capital.
Contents9 sections
Key facts
2018–2021Goldman Sachs and Cerberus
He says he joined the Real Estate Financing Group at Goldman Sachs in 2018 to originate commercial mortgage-backed securities (CMBS).[1]
He later invested at Cerberus.[2]
2021Joining 10T Holdings
In 2021 he joined the digital asset investment firm 10T Holdings.[3]
September 2024Co-founding Halo Capital
In September 2024 he co-founded the crypto venture firm Halo Capital with Daniel Howard, a former 10T Holdings colleague and son of hedge fund manager Alan HowardAlan HowardAlan Howard is a British macro hedge fund manager who in 2002 co-founded Brevan Howard with fellow traders from Credit Suisse First Boston and built it into one of Europe’s largest hedge fund managers. After stepping down as chief executive in 2019, he focused on his own trading, and in 2021 he took part in Bullish’s strategic funding round and became a senior advisor to the company.Open the full entry, saying “a lot of the existing funds in the space are potentially just biased.”[4]
The fund was $25 million in size and focused on a data-driven, research-based investment approach.[5]
Halo Capital is based in New York.[6]
October 2025Founding Birch Hill Holdings
On October 7, 2025, he published a letter introducing Birch Hill Holdings, saying the name came from the street he grew up on.[1]
November 2025–February 2026Pre-seed Round
He said the SAFE round opened in late November 2025 and closed in early 2026.[3]
On February 11, 2026, Birch Hill announced a $2.5 million pre-seed round co-led by ParaFi Capital and Castle Island Ventures. He said, “Our goal is to bring the discipline of traditional credit investing together with modern infrastructure.”[7]
March 2026Groma Partnership
In March 2026 he announced a planned Groma partnership letting holders of the tokenized REIT share GromaCoin borrow USDC via Morpho, then still in development.[8]
July 2026Morpho Vaults and SEC Meeting Request
On July 21, 2026, Birch Hill introduced its vaults on Morpho.[9]
The same month Birch Hill requested a meeting with the SEC’s Crypto Task Force, listing him among the attendees.[10]
October 2026Seed Round
On October 28, 2026, Birch Hill announced a $4 million seed round led by Multicoin CapitalMulticoin CapitalMulticoin Capital began operations on October 1, 2017, and invests mainly in crypto companies and protocols across public and private markets. It runs a Master Fund that invests mainly in tokens, as well as venture funds that back early-stage companies.Open the full entry, bringing its total funding to $6.5 million.[11]
He said, “Loan originators need new sources of capital, and onchain lenders need credit they can trust.”[12]
Its Enterprise business is run by Birch Hill Digital Securities LLC, which has applied to the Financial Industry Regulatory Authority (FINRA) but is not yet a member.[13]
Sources
- Introducing Birch Hill Holdings (opens in a new window)
- Rebundling Credit (opens in a new window)
- Birch Hill raises $2.5 million pre-seed round led by ParaFi Capital and Castle Island Ventures for institutional onchain credit infrastructure (opens in a new window)
- Former 10T Holdings Principals Launch New Venture Capital Firm Focused on Digital Assets (opens in a new window)
- Funding Roundup: Halo Capital, Asylum Ventures make debuts (opens in a new window)
- Alan Howard's Son Starts a Crypto Venture Fund With Colleague (opens in a new window)
- Birch Hill Holdings Raises $2.5M Pre-Seed Led by ParaFi Capital and Castle Island Ventures (opens in a new window)
- Birch Hill partners with Groma to Launch the First Institutional Market for Tokenized REIT (opens in a new window)
- Introducing Birch Hill vaults on Morpho (opens in a new window)
- Meeting with Representatives of Birch Hill Holdings, Inc., Cooley LLP, and Chapman and Cutler LLP (opens in a new window)
- Goldman, BlackRock Alumni Raise $4 Million to Put Farm and Apartment Loans Onchain (opens in a new window)
- Birch Hill Raises $4 Million Seed Round Led by Multicoin Capital to Bring U.S. Credit Onchain (opens in a new window)
- Birch Hill | Birch Hill Credit Network (opens in a new window)