Blockstream Mining begins third investment round for Hashrate-backed tokenized note

Crypto markets are becoming increasingly financialized, and hashrate-backed contracts are not new. What is unique about Blockstream’s note is its duration. Most contracts lock in the hash price for up to 12 months, said James Macedonio, Blockstream’s global SVP of mining sales and business development. BMN2, an EU compliant security token, provides exposure to the bitcoin hashrate over a period of 48 months.