Blockstream Mining Launches Third Investment Round for Hashrate-Backed Tokenized Note

Cryptocurrency markets are increasingly financialized, and hashrate-backed contracts are nothing new. What makes Blockstream’s note unique is its duration. Most contracts lock in the hashrate for up to 12 months, said James Macedonio, Blockstream’s senior vice president of global mining sales and business development. BMN2, an EU-compliant security token, provides exposure to bitcoin’s hashrate over a 48-month period.