Mezo Launches Mezo Prime for Institutional Bitcoin Yield

Mezo, a Bitcoin-native finance platform, launched Mezo Prime on Wednesday, an institutional product enabling corporate treasuries and professional investors to earn yield on their Bitcoin holdings through segregated vaults provided by Anchorage Digital Bank. Bullish, a publicly traded digital asset platform listed on the NYSE under BLSH, became the first participant by committing 250 Bitcoin, valued at approximately $19.2 million, to deploy part of its corporate treasury.

The product addresses a key challenge for institutions holding over one million Bitcoin on balance sheets, much of which has remained idle due to concerns over risk, control, and reporting in traditional yield options. Mezo Prime uses Enclaves, isolated vaults at Anchorage Digital Bank, the first federally chartered digital asset bank in the United States. Each depositor's Bitcoin stays segregated with no commingling or rehypothecation, allowing direct access to onchain activities while maintaining custody standards.

Bitcoin in an Enclave can be locked as veBTC, a yield-bearing token earning shares of protocol fees from trading, liquidity provision, and other network activity. It can also serve as collateral to...