Updated November 28, 2022:
Stronghold Capital is unaffected by the recent news regarding FTX and is operating normally. While the fund made an investment into trading firm Alameda Research, after the initial investment matured, Stronghold Capital decided to reinvest the principal and gains elsewhere in the ecosystem. Stronghold Capital will continue its investment trajectory as normal. Please reach out to [email protected] with any questions.
Alameda Research, a crypto market firm established by FTX’s Sam Bankman-Fried, is borrowing up to $1 billion from a cohort of five lenders, including Stronghold, through Sid Powell’s Maple Finance, an institutional capital marketplace built on blockchain.
Stronghold, a payments infrastructure company, last month committed USDC to the first pool of $25 millon stablecoin funds.
“It’s a tremendous step to launch this type of institutional vehicle entirely through digital currency. Stronghold is thrilled to support these prominent crypto leaders in creating DeFi infrastructure,” said Stronghold CEO and co-founder Tammy Camp.