What Berglinde does

Berglinde AG is a Swiss financial services firm headquartered in Baar (registered in Zug), Switzerland, founded in 2024 and acquired by Blockstream Capital Partners in October 2025. The company offers a Bitcoin-Backed Lending Vehicle that provides institutional and professional investors with overcollateralized Bitcoin-backed loans, generating market-neutral yields independent of Bitcoin price volatility. The technology stack includes 24/7 automated collateral monitoring, a multi-venue automated liquidation engine, multi-signature onchain custody via regulated institutional custodians, and a real-time Investors Portal for portfolio transparency.

Berglinde serves qualified, institutional, and professional investors — specifically banks, asset managers, and wealth advisors — through a consultative, advisory-led sales motion. Its second product line is Advisory Services, structured as a six-step engagement (Discovery & Assessment, Strategy Design, Education & Training, Regulatory & Risk Review, Implementation, Ongoing Optimization) that helps financial institutions integrate Bitcoin into client portfolios and navigate digital asset regulation. Revenue is generated through interest spreads on Bitcoin-backed loans and advisory/professional services fees, with pricing quote-based and not publicly disclosed.

The firm's January 2025 partnership with Debifi extended its lending infrastructure into non-custodial USD/EUR/CHF-denominated loans, and its acquisition by Blockstream Capital Partners — an investment group advised by Dr. Adam Back — positioned it within a broader Bitcoin financial ecosystem alongside portfolio companies such as Komainu. The company distributes primarily via direct enterprise sales, an investor portal, and thought-leadership content across LinkedIn, X, Nostr, podcast appearances, and a company blog.

Name

Berglinde

Legal name

Berglinde AG

Website

https://berglinde.com

Company type

Private

Founded year

2024

Operating status

Acquired

Headcount range

1–10 employees

Short description

Berglinde AG is a Swiss Bitcoin financial services firm offering overcollateralized Bitcoin-backed lending and advisory services to banks, asset managers, wealth advisors, and institutional investors, generating market-neutral yields and supporting digital asset integration.

Ownership category

akta.pro rank

Product category

Institutional Bitcoin Lending & Advisory

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Portfolio Management and Investment Advice (523940)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Yield, Vaults & Asset Management (vault strategies, robo-vaults, structured yield) (FSAPAEAG)

akta.pro secondary industries

Lending Protocol Infrastructure (Oracles, Rate Models, Vaults) (FSADAFAN), Treasury Management & Corporate Crypto Yield Programs (FSADAHAL)

Keywords

• Bitcoin-backed lending
• Institutional Bitcoin investment
• Digital asset custody
• Bitcoin advisory services
• Crypto asset management

Headquarters

HQ city

Baar

HQ country

Switzerland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Bitcoin-Backed Lending: Berglinde generates returns by providing capital to borrowers who use Bitcoin as collateral. Loans are overcollateralized with excess Bitcoin value. Berglinde earns interest on these loans as the lender, generating yield for investors while maintaining capital efficiency. Returns are derived from borrower interest payments independent of Bitcoin price fluctuations.
2. Advisory Services: Berglinde provides consulting, education, and strategy support for financial professionals integrating Bitcoin into their offerings. Services include Bitcoin Strategy Development, Educational Workshops, Regulatory Navigation, and Risk Assessment. Revenue is generated through advisory fees for tailored guidance and ongoing optimization services.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Berglinde AG provides Bitcoin-backed lending investment vehicles for institutional and professional investors, generating market-neutral yields through overcollateralized Bitcoin loans. The firm also offers advisory services including Bitcoin strategy development, educational workshops, regulatory navigation, and risk assessment for banks, asset managers, and wealth advisors integrating Bitcoin into their offerings. An Investors Portal provides real-time performance insights and holdings tracking for Bitcoin-backed investments.

Product overview

Berglinde offers a unified product portfolio centered on Bitcoin-focused financial services. The core offering is the Bitcoin Backed Lending Vehicle, an investment product enabling institutional and professional investors to earn market-neutral yields through overcollateralized Bitcoin loans. This is complemented by Advisory Services that help banks, asset managers, and wealth advisors develop Bitcoin integration strategies. The Investors Portal provides real-time monitoring and reporting for all investment activities. All offerings operate at the intersection of traditional finance and Bitcoin, serving qualified and institutional investors in the Swiss and European markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Bitcoin Backed Lending Vehicle An institutional Bitcoin-backed lending investment vehicle that provides qualified and professional investors with secure access to the Bitcoin economy through overcollateralized loans, generating market-neutral yields independent of Bitcoin price volatility. The product allocates investments across carefully vetted platforms and includes 24/7 automated collateral monitoring and liquidation capabilities.
• Advisory Services Expert advisory services for banks, asset managers, and wealth advisors covering Bitcoin strategy development, educational workshops, regulatory navigation, and risk assessment to help financial professionals integrate Bitcoin into their client offerings.
• Investors Portal A client-facing investor portal providing qualified investors with real-time performance insights, holdings tracking, and transparency for monitoring Bitcoin-backed lending investments.

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• DebificoreTechnology or Integration · 23 January 2025Berglinde partnered with Debifi, the premier platform for non-custodial Bitcoin-backed lending, to expand Bitcoin-backed lending with fiat loans in USD, EUR, and CHF. The collaboration combines Berglinde's expertise in investment management and regulatory compliance with Debifi's pioneering non-custodial lending infrastructure. The partnership aims to unlock Bitcoin's full potential as a global collateral asset, delivering secure, transparent, and efficient fiat loan solutions for institutional and individual users. Berglinde is one of the first fiat lenders on Debifi's platform.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Unchained Capital: Bitcoin-native financial services firm offering Bitcoin-backed loans and custody solutions for institutional and high-net-worth clients, directly competing in Berglinde's core market.
• Matrixport: Asia-headquartered crypto financial services platform offering Bitcoin yield, lending, and structured products to institutional investors, with overlapping institutional customer focus.
• Swan Bitcoin: Bitcoin-focused financial services company offering advisory, lending, and wealth solutions to individuals and institutions, comparable in its Bitcoin-native positioning.
• Ledn: Direct peer offering Bitcoin-backed lending products to retail and institutional clients, closely aligned with Berglinde's core overcollateralized Bitcoin loan product.
• Nexo: Major crypto-backed lending platform offering interest-bearing products and borrowing against Bitcoin collateral, comparable in customer base and product structure to Berglinde.

Others

• Blockstream: Bitcoin and blockchain infrastructure company whose CEO Adam Back advises Berglinde's parent BCP; adjacent ecosystem participant shaping the institutional Bitcoin stack Berglinde sits within.
• Debifi: Non-custodial Bitcoin-backed lending platform and Berglinde's explicit strategic partner, where Berglinde operates as one of the first fiat lenders — comparable infrastructure rather than direct competitor.
• Komainu: Institutional digital asset custodian in which Berglinde's parent BCP holds a strategic investment; provides custody infrastructure that complements rather than competes with Berglinde's lending offering.

Broad incumbents

• Coinbase: Largest US-regulated crypto exchange offering Bitcoin products, custody, and increasingly yield/investment services to institutions, overlapping with Berglinde's institutional customer base.
• BlockFi: Established crypto lending and wealth platform offering Bitcoin-backed lending and yield products to retail and institutional clients, providing a reference point for scale in the category.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Phil_Berglinde
• LinkedInlinkedin.com/company/berglinde

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Berglinde