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Venture Capital Firm attributes
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Bixin Ventures is affiliated with Bixin, the largest non-cap crypto wallet in China in terms of users. Bixin Venture aims to invest in early-stage infrastructure projects that address the massive adoption of open-source financing without requiring authorization and decentralized networks. One of the main priorities is to help make the ecosystem truly global. The investment team works together with the founders to provide guidance and experience for growth in Asia.Bixin Venture launched a credit division in November 2018, assessing this direction as promising in a bear market. The firm accepts Bitcoin, Ethereum, EOS, Litecoin and Tether USD (USDT) as collateral, and the annual interest rate is 7%.
At the moment, Bixin Venture holds about $10 million in USDT (collateral) and earns several bitcoins on them every month. Meanwhile, FBG Capital has already accumulated $15 million in cryptocurrency collateral.
It is noteworthy that Bixin Venture sells collateral to clients at the market price if their value drops by more than 5%. The only way for the client to avoid such an outcome is to increase the amount of collateral.
