Goldman and BlackRock alumni raise $4 million to tokenize farm and apartment loans onchain

Birch Hill, a startup founded by former Goldman Sachs and BlackRock employees, raised $4 million in seed funding led by Multicoin Capital to tokenize U.S. farm, apartment, and energy loans on public blockchains. The firm, led by CEO Bhavin Vaid and COO Connor Flanagan, operates vaults on the Morpho lending protocol and has applied for FINRA broker-dealer status to sell private credit to accredited investors. It plans to eventually securitize these loan pools within the U.S. regulatory framework.