Birch Hill

Birch Hill’s official company profile lists 2025 as its founding year and New York as its headquarters. It is a privately held financial services business focused on onchain credit and tokenized asset markets.⁠[1]

The company announced a $2.5 million pre-seed round co-led by ParaFi Capital and Castle Island Ventures, with Nascent, FalconXFalconXFalconX is a digital asset prime brokerage for institutional clients, providing crypto asset trading, financing, custody, and other services; in 2025 it acquired 21Shares, an issuer of crypto exchange-traded products.Open the full entry Ventures and others participating. Proceeds were intended for risk and engineering hires and regulatory registrations needed for institutional services.⁠[2]

Birch Hill announced a partnership with Groma to enable borrowing USDC against GromaCoin, representing tokenized real-estate trust equity. Integration was still underway at announcement, involving Morpho lending, Yearn vaults, valuation infrastructure and liquidation arrangements.⁠[3]

The company announced the Birch Hill RWA USDC Vault on Base, using Morpho and Yearn v3 to fund the GRO/USDC market. The initial controlled rollout required identity, investor-eligibility and wallet screening for both suppliers and borrowers.⁠[4]

The company described financing Groma’s rentvesting proposal, in which rent payments would purchase REIT equity and borrowing would fund rent. It remained an internal Groma test. Birch Hill supplied a financing channel and did not operate or guarantee the program.⁠[5]

An SEC memorandum records a meeting with Birch Hill, Cooley, and Chapman and Cutler representatives about crypto-asset regulation. Company materials addressed vault structures, custody and registration pathways. The meeting record was not a licence approval or regulatory endorsement.⁠[6]

The company 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, joined by ParaFi Capital, Castle Island Ventures and Nascent. Total financing reached $6.5 million. The funding supported team expansion and development of its onchain credit business.⁠[7]

Birch Hill assesses credit assets, designs lending markets and monitors them. Its platform combines vaults, credit products and institutional services, connecting loan originators with stablecoin capital while retaining human judgment within automated assessment.⁠[8]

Co-founder Bhavin Vaid 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 investing at Cerberus before joining 10T Holdings. Connor Flanagan and Jack Forlines worked on BlackRockBlackRockBlackRock is a publicly traded investment management company headquartered in New York, founded in 1988 by Larry Fink and seven others and listed on the New York Stock Exchange (ticker BLK); its businesses include the iShares family of exchange-traded funds and the Aladdin investment and risk management platform. As of June 30, 2026, its assets under management totaled $15.3 trillion.Open the full entry’s Aladdin risk systems before moving into digital-asset markets.⁠[9]

The holding-company structure separates activities: Birch Hill Labs curates markets, Strategies handles tokenized credit securities, Solutions advises issuers, Digital Asset Management was set up to manage investment products, and Digital Securities applied to conduct private placements.⁠[10]

The current platform lists the Groma Ecosystem vault as allowing USDC supply by connecting a wallet without an account login. Borrowers in the GRO/USDC market must be verified. Open supply therefore does not mean every activity is available without eligibility checks.⁠[11]

Birch Hill RWA USDC is the flagship vault on Base for verified U.S. institutional and accredited investors. Depositors hold a single ERC-4626 position that allocates into ecosystem vaults. Issuers and underlying assets undergo credit and risk assessment before allocation.⁠[12]

oABS groups loans by asset class, tests each loan against published eligibility criteria, and records analyst sign-off and ongoing reporting. The current website presents oMULTI as senior exposure to first-lien multifamily loans, issued by a series of Birch Hill Strategies.⁠[13]

Birch Hill Absolute Value is a private fund managed by BH Digital Asset Management, combining onchain credit carry with event-driven investing. The website also lists fixed-leverage structured products and customized asset management, labeled as forthcoming and later offerings respectively.⁠[14]

Birch Hill Digital Securities has applied for FINRA membership and is not yet a member. It plans to place private fund interests and oABS with verified investors after approval, excluding customer custody, secondary trading and proprietary trading. Existing issuance remains with issuers.⁠[15]

In its Morpho forum description, the company starts with underlying assets and capital structure, incorporating independent valuations and oracle design. Loan-to-value limits reflect stress scenarios, with continuing monitoring of collateral, market utilization and oracle data. These controls do not guarantee principal preservation.⁠[16]

The company states that displayed supply and borrowing rates are calculated by underlying protocols from utilization and fees, fluctuate, and are not guaranteed returns. Vault participation entails principal-loss, market, liquidity, smart-contract and regulatory risks.⁠[17]