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BlockFi Private Client Updates - August 2022
Published, 9 August, 2022
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BlockFi Private Client Updates - August 2022
As of August 1, 2022, BlockFi Personalized Yield has been renamed BlockFi Private Client as we expand our products and services. With BlockFi Private Client (BPC), clients who meet our high-net-worth and ultra-high-net-worth criteria are offered a personalized approach to crypto wealth management, allowing them to individually negotiate with BlockFi. This gives clients access to cutting-edge solutions from earning interest on their crypto, borrowing while leveraging their crypto as collateral, and trading crypto while continuing to earn crypto interest.
Our Private Clients include UHNW individuals, single- and multi-family offices, pensions, endowments, foundations, and RIAs. Our dedicated Private Client team, the most established in the crypto industry, is available to you 24/7 globally.
Updates to BlockFi Private Client Fixed Term Rates
We continually seek to drive innovation in the crypto lending markets, and currently offer our clients a number of negotiable options across open-term, fixed-term, and crypto-backed loans. As always, we approach risk management as an opportunity to source the most attractive risk-reward opportunities for the benefit of our clients. Since 2017 through July 2022, we’ve paid over $590 million of crypto interest to BlockFi clients worldwide while honoring 100% of client account transfers and withdrawal requests per our terms.
To pass these attractive longer-term yields to clients while maintaining an appropriate level of duration-matching between our own assets and liabilities, we’re updating our fixed-term rates in our Private Client program for USD stablecoins, Bitcoin, and Ethereum. In the table below we compare our BlockFi Interest Account (BIA) rates to our BlockFi Private Client fixed-term rates.
As of August [4], 2022:
For USD stablecoins (USDC, GUSD, BUSD, PAX, DAI, USDT**)
**USDT is only available to International clients at this time.
For Bitcoin (BTC)
For Ether (ETH)
* Note: Indicative rates at the time of this blog post. Rates updated daily and subject to individual negotiation. US rates are displayed here, International rates may differ.
**USDT is not offered in the US or to US clients.
*** See terms
Specific pricing and terms for Private Client can be negotiated with our team by inquiring here.
Taking traditional financial products and creating adaptations for crypto markets is what we do best. We are excited to update these features to Private Client as the type of innovation that pushes the entire industry forward by creating a longer duration lending market and connecting sources of capital with high quality institutional borrowers who put capital to work and generate attractive yields.
**** As of February 14, 2022, the BlockFi Interest Account (BIA) is no longer available to new clients who are US persons or persons located in the US and existing US clients with BIA accounts are unable to transfer new assets to their BIAs.
BlockFi Interest Accounts have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States, to U.S. persons, for the account or benefit of a U.S. person or in any jurisdiction in which such offer would be prohibited.
Last updated on August 16th, 2022
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As of February 14, 2022, the BlockFi Interest Account (BIA) is no longer available to new clients who are US persons or persons located in the US and existing US clients with BIA accounts are unable to transfer new assets to their BIAs. Learn More.
BlockFi Lending LLC NMLS ID#1737520 | NMLS Consumer Access
BlockFi Trading LLC NMLS ID#1873137 | NMLS Consumer Access
Digital currency is not legal tender, is not backed by the government, and crypto accounts held with BlockFi are not subject to FDIC or SIPC protections. Digital currency values are not static and fluctuate due to market changes. Not all products and services are available in all geographic areas and are subject to applicable terms and conditions. Eligibility for particular products and services is subject to final determination by BlockFi. Rates for BlockFi products are subject to change.
BlockFi Rewards Credit Card: For more information, please see BlockFi’s Terms of Service. BlockFi is not a Bank. Cards are issued by Evolve Bank & Trust, Member FDIC, pursuant to a license from Visa® USA Inc. Rewards are not offered by Evolve Bank & Trust and are instead offered and managed by BlockFi.
BlockFi International Ltd. holds a Class F digital assets business license under the Digital Assets Business Act, 2018 (as amended) and is licensed by the Bermuda Monetary Authority to conduct the following digital assets business activities: (i) issuing, selling or redeeming virtual coins, tokens or any other form of digital assets (ii) operating as a digital asset exchange (iii) providing custodial wallet services (iv) operating as a digital asset derivative exchange provider and (v) operating as a digital assets services vendor.
See blockfi.com/terms for more information.
2022 © All Rights Reserved.
BlockFi Lending LLC NMLS ID#1737520 | NMLS Consumer Access
BlockFi Trading LLC NMLS ID#1873137 | NMLS Consumer Access
Digital currency is not legal tender, is not backed by the government, and crypto accounts held with BlockFi are not subject to FDIC or SIPC protections. Digital currency values are not static and fluctuate due to market changes. Not all products and services are available in all geographic areas and are subject to applicable terms and conditions. Eligibility for particular products and services is subject to final determination by BlockFi. Rates for BlockFi products are subject to change.
BlockFi Rewards Credit Card: For more information, please see BlockFi’s Terms of Service. BlockFi is not a Bank. Cards are issued by Evolve Bank & Trust, Member FDIC, pursuant to a license from Visa® USA Inc. Rewards are not offered by Evolve Bank & Trust and are instead offered and managed by BlockFi.
BlockFi International Ltd. holds a Class F digital assets business license under the Digital Assets Business Act, 2018 (as amended) and is licensed by the Bermuda Monetary Authority to conduct the following digital assets business activities: (i) issuing, selling or redeeming virtual coins, tokens or any other form of digital assets (ii) operating as a digital asset exchange (iii) providing custodial wallet services (iv) operating as a digital asset derivative exchange provider and (v) operating as a digital assets services vendor.
See blockfi.com/terms for more information.
2022 © All Rights Reserved.