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Earn Interest on Digital Assets with BlockFi Yield for Accredited Investors in the U.S.
Published, 7 November, 2022
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BlockFi’s U.S. clients verified as accredited investors will receive access to BlockFi Yield, an interest-bearing digital asset account by the end of 2022.
BlockFi, a global digital asset financial services company, announced today that U.S. clients verified as accredited investors will be able to earn interest on digital assets with BlockFi Yield. This opportunity will first be available in beta to certain U.S. BlockFi clients by the end of 2022, and to all U.S. clients at the start of 2023.
U.S. clients verified as accredited investors interested in earning interest on digital assets will benefit from compelling aspects of the BlockFi platform, including:
- Competitive interest rates on digital assets
- Access to 15 digital assets
- Ability to trade and earn interest on digital assets at the same time
- No minimum investment
“As we continue to diligently work towards registration with the SEC for a public offering for BlockFi Yield, we are delighted to share that U.S. clients verified as accredited investors will soon be able to earn interest on digital assets at BlockFi,” said Flori Marquez, Founder and COO of BlockFi. “A foundational pillar of BlockFi is to be client-centric and serve as a stabilizing industry force. We are proud to be one of the battle-tested organizations that are still serving their clients, listening to their needs and evolving as we continue to support their digital asset journey.”
U.S. clients must complete an accredited investor verification request, and upon successful verification, will receive access to BlockFi’s digital asset interest services. Since inception, BlockFi has paid over $600 million in interest on digital assets to our clients.
Any offers or sales of BlockFi Yield to accredited investors will be made pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended, and will not be registered with the U.S. Securities and Exchange Commission. BlockFi Yield accounts are not transferable. This communication does not constitute a public offer to sell BlockFi Yield.
This blogpost is for informational purposes only and is not investment advice.
Nothing contained herein should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction in any jurisdiction or country where such action would be prohibited. The information provided herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This information is not directed to any person in any jurisdiction where the publication or availability of the communication is prohibited, by reason of that person's citizenship, residence or otherwise. Nothing contained herein is to be construed as BlockFi or any of its affiliates or representatives providing legal, tax, investment, financial or accounting advice. You should consult your own legal and/or tax advisors before making any financial decisions. The information contained herein, unless otherwise stated, are the property of (and all copyright shall belong to) BlockFi. You are prohibited from duplicating, abbreviating, distributing, replicating or circulating this information or any part thereof without the prior written consent of BlockFi.
Digital assets are speculative and highly volatile, can become illiquid at any time, and are for investors with a high risk tolerance. You should seek additional information regarding the merits and risks of investing in any digital asset before deciding to purchase or sell any such instruments.
Last updated on November 4th, 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.
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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.