- Bitcoin proof-of-asset infrastructure company Hosecki has completed a seed round of investment led by Stillmark.
- The company has already got 50 traditional lenders and mortgage brokers that will accept proof-of-asset documents from Hoseiky.
- Hosecki intends to use the capital to advance product development and is planning an open beta for its product during the third quarter of 2022.
Hoseki, a proof-of-asset infrastructure service for bitcoin-native projects, has announced the completion of an investment seed round led by bitcoin-focused venture capital firm Stillmark and other prominent bitcoin venture investors. bitcoin magazine,
“Hosecki provides a service that will enable unprecedented growth in the bitcoin economy by providing easy proof of ownership to anyone who owns bitcoin. We are excited for this next step in fulfilling our company’s mission,” said Hosecki. Founder and CEO Sam Abbasi said.
With the closure of additional capital, Hosei intends to accelerate the development of infrastructure-ready technology and products to meet the growing demand for verification services as it pertains to the bitcoin ecosystem.
“Hosecki is opening up an entirely new way for bitcoin investors to participate in the bitcoin economy, where ownership does not exclude utility,” said Stillmark founder and managing partner Alice Killeen.
Killen continued by saying “The Hosecki team understands that bitcoin is the world’s most ancient form of collateral, and we are thrilled to support their vision of providing digital asset ownership documents to millions of bitcoin holders worldwide.”
Other notable bitcoin ventures that participated in the seed round include Ten31, Castle Island Ventures and Avon Ventures. Nick Carter, founding partner at Castle Island Ventures, explained the importance of being able to verify bitcoin assets for the future of lending:
“Lenders and brokers are beginning to understand the value of bitcoin-backed loans and are eager to see the larger role this asset plays in global financial markets.”
Hosecki intends to launch a private alpha version of its product for a test group, with a public beta planned for the third quarter of 2022. Anyone interested in the Alpha program can learn more here.