ReserveOne will include altcoins led by Ethereum and Solana to offer staking yields.
The strategic investors include Blockchain.com, Galaxy Digital, Kraken, Pantera Capital, ParaFi Capital, and CC Capital.
Coinbase Global will serve as custodian for the digital assets accrued by ReserveOne.
ReserveOne, a newly formed firm inspired by the proposed U.S. strategic Bitcoin Reserve, has announced plans to go public through a SPAC merger with M3-Brigade Acquisition V Corp. (NASDAQ: MBAVU). ReserveOne plans to hold a diversified crypto portfolio led by Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), among others.
The newly formed company plans to participate in staking for the different supported altcoins to offer its shareholders a reliable yield. Furthermore, ReserveOne will also participate in crypto lending through DeFi smart contracts, to ensure a secure stream of yield.
“By moving towards a public listing, we’re reinforcing our commitment to responsible innovation, financial inclusion, and the development of a more resilient, transparent market for digital assets. Our disciplined, yield-focused strategy is designed to set a new standard for regulated crypto investing,” Jaime Leverton, CEO of ReserveOne, noted.
Funding Model Used By ReserveOne
ReserveOne will have more than $1 billion in its exposure to facilitate the purchase and management of a diversified basket of crypto assets. The newly formed company will work with Coinbase Global as the custodian of the digital assets led by BTC.
The SPAC acquisition deal saw M3-Brigade’s nearly $300 million added to the account for ReserveOne. An aggregate of $750 million was committed by veteran crypto investors.
Around $500 million of the committed $750 million will consist of common equity and about $250 million from Private Investment in Public Equity (PIPE). Some of the notable investors in the newly formed ReserveOne firm include Blockchain.com, CC Capital, FalconX, Galaxy Digital, Hivemind Capital, Kraken, Mantle, Monarq Asset Management, Origin Protocol, Pantera Capital, ParaFi Capital, and Republic Digital.
“As a public company, ReserveOne aims to lead with a strategic reserve, responsibly unlocking shareholder value and setting the standard for digital financial innovation,” Reeve Collins, CEO of M3-Brigade, noted.
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