Bitcoin Development Firm Blockstream launches three investment funds, including two focused on crypto loans, the company announced on Tuesday.

Crypto Company Co-founded by the legendary Bitcoin (BTC) developer Adam Back plans to launch a fund that signs Bitcoin-supported loans and one that allows crypto-borrowing with US dollars as security, while a third fund would insert hedge fund strategies, according to a tweet.

Bloomberg earlier reported that the company had secured several billion dollars in funding to launch these funds with reference to anonymous sources.

The Crypto lending business had been severely hit after the collapse of the former Crypto Exchange FTX, whose counterfeit balance and eventually lacking the inability to pay back money lent to them, resulted in several bankruptcies of the then reputable crypto loan.

The three funds are alive in April with additional external capital, which begins to be accepted in July. The two lending funds will be available for borrowing.

Blockstream recently opened a new office in Tokyo as it plans to operate the adoption of Bitcoin Layer-2 and self-employment technologies as well as tokenization of the real world’s assets (RWA) in Japan.