"Mezo - a bank-free Bitcoin finance platform built by Thesis - will now offer institutional clients low-cost borrowing through its MUSD stablecoin and new BTC yield opportunities via veBTC. Anchorage Digital will provide the custody and infrastructure layer, giving asset managers, digital asset treasury (DAT) firms, and publicly traded companies a secure way to participate in BitcoinFi applications. At launch, borrowing through Mezo's MUSD stablecoin is now available directly inside Porto, Anchorage Digital's institutional self-custody wallet."
"Through the integration, institutions can borrow against their Bitcoin at a fixed 1% rate using Mezo's MUSD stablecoin. Borrowing activity is fully supported through Porto, allowing companies to access liquidity without relinquishing ownership of their BTC. The move is designed to open up capital efficiency for asset holders who have traditionally struggled to use Bitcoin in treasury or corporate finance strategies."
"The second phase of the partnership centers on veBTC, a tokenized position (veNFT) issued when users lock BTC on Mezo. veBTC holders will earn rewards generated through a transparent on-chain network fee-sharing model. Lockup periods range from 6 to 30 days, significantly shorter than lockups found in other ve-token systems. Longer lock times will provide higher rewards and additional governance rights, including influence over protocol fees and economic parameters."
Anchorage Digital and Mezo partnered to expand institutional access to Bitcoin lending and yield products. Mezo will offer low-cost borrowing via its MUSD stablecoin and tokenized yield opportunities via veBTC, while Anchorage Digital supplies custody, infrastructure, and integration with its Porto self-custody wallet. Institutions can borrow against Bitcoin at a fixed 1% rate through Porto without relinquishing BTC ownership, improving capital efficiency for asset managers, DAT firms, and publicly traded companies. veBTC is issued as a veNFT when users lock BTC on Mezo, with 6-to-30-day lockups that deliver rewards and governance rights based on lock duration.
Read at Bitcoin Magazine
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