American crypto lending firm, BlockFi has announced the relaunch of its yield-bearing product in the US, a product that will only be accessible to accredited investors.
Dubbed BlockFi Yield, the lending firm said it is offering this service based on an exemption from the registration requirements of the Securities Act of 1933, as amended.
The company said the product will not be registered with the United States Securities and Exchange Commission (SEC), but that this will not mean the product will be available to just anyone. The company said the product will be available in Beta by the end of this year to a few clients, but that it will launch it for all eligible clients by the start of 2023.
“As we continue to diligently work towards registration with the SEC for a public offering for BlockFi Yield, we are delighted to share that U.S. clients verified as accredited investors will soon be able to earn interest on digital assets…
