Xapo Bank has announced that it has received full regulatory approval from the Gibraltar Financial Services Commission for its new bitcoin yield product, developed in partnership with Hilbert Capital.
Xapo Bank Receives Regulatory Approval for New Bitcoin Yield Product
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This development allows Xapo Bank members to access the Xapo Byzantine Bitcoin Credit Fund, which is managed by Hilbert Capital, providing a regulated pathway to generate returns on bitcoin holdings with institutional-grade risk management. Joey Garcia, Executive Director of Xapo Bank, emphasized the bank’s mission to bridge traditional banking with bitcoin, stating that the new product mirrors the principles applied to USD savings. The offering is expected to attract significant interest, with near-term inflows projected at approximately 10,000 BTC. The approval highlights Xapo Bank’s adherence to regulatory standards while providing members with compliant bitcoin services for managing their wealth.
