Source: cryptoslate
Translation: Blockchain Knight
On April 7, Pierre Rochard announced the establishment of a new company focused on BTC-backed structured financing, named "The Bitcoin Bond Company," with the goal of acquiring $1 trillion worth of BTC on behalf of its clients before 2046.
Rochard previously served as Vice President of Research at Riot Platforms and will take on the role of CEO at this new BTC-focused enterprise.
The company plans to connect institutional capital with BTC through a regulated structured product framework and third-party custody.
BTC Products to Meet Institutional Demand
According to Rochard, the company's target clients will be credit allocators seeking volatility protection and equity risk-takers looking for excess returns from BTC. Depending on market conditions, its long-term goal includes acquiring $1 trillion worth of BTC for clients over the next 21 years.
When explaining the timing and motivation behind the company's establishment to CryptoSlate, he further noted that he has been contemplating the concept of a BTC-backed securitization company since he first learned about BTC, which aligns with his background in asset-backed finance.
Rochard stated that the idea became more feasible after Donald Trump was elected president, as it marked a shift in the regulatory landscape.
He added, "Looking ahead, the SEC will no longer be politically influenced but will remain neutral, which means that BTC-backed financial products will be subject to balanced regulation to protect the integrity of U.S. capital markets. This will provide the necessary confidence for mature financial institutions to constructively engage in the BTC market."
Rochard emphasized that his vision is to expand the utility of BTC by packaging BTC assets into structured financial instruments that meet institutional requirements for transparency, regulation, and risk management.
This approach aligns with the broader trend of building institutional products based on crypto-native assets, including exchange-traded products (ETPs) and asset-backed notes.
The announcement stated, "The mission of The Bitcoin Bond Company is to establish long-term partnerships between credit allocators and risk-takers. We can provide transparent, regulated, and efficient risk transfer for global strategic reserve assets through BTC-backed structured financing, thereby unlocking value for capital markets."
He also added that the recent success of BTC ETFs validates market demand, and after evaluation, these funds' metrics make them "the most successful product launch case in the history of the financial industry."
Rochard believes that institutional investors are often constrained by volatility, while risk-seeking participants are looking for leverage opportunities. He sees The Bitcoin Bond Company's role as connecting these two types of investors through structured tools, bridging the gap between them.
"The mission of The Bitcoin Bond Company is to connect these two types of investors through responsible, BTC-backed products, creating long-term value for both sides."
Utility and Satoshi's Vision
Rochard views the establishment of the company as part of a broader effort to realize BTC's original utility as decentralized electronic cash.
He stated that the BTC market categorizes participants into four types: deniers, cautious investors regarding price volatility, speculators attempting to gain excess returns through BTC, and fully autonomous adopters of BTC.
He emphasized that decentralization remains the core utility of BTC, providing users with sovereign control over their capital. Rochard concluded by stating that capital markets will increasingly recognize BTC as a strategic collateral asset.
He said, "Capital markets will inevitably view BTC as a unique collateral diversification tool. In many different contexts, such as sovereign debt issuance, corporate convertible bonds, and asset-backed securities, investors with different goals and risk tolerances will be found. The growth of the market will drive demand for the underlying BTC assets and accelerate the adoption flywheel effect."
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