Birch Hill RWA USDC

Deposited USDC is allocated to lending vaults that finance asset issuers and token holders. The investment mandate combines positions in Birch Hill Ecosystem vaults with uninvested USDC; borrowers' interest flows through those positions into the value of depositors' shares.

The current platform identifies this as the Flagship allocation product advised by BH Digital Asset Management. Its Groma Ecosystem investment lends against GRO, shares in a residential property portfolio, with a smaller allocation to loans secured by cbBTC, Coinbase's bitcoin-backed token.

Access and fees

Access is restricted to verified accredited and institutional investors. The access requirements include identity checks, investor eligibility verification and wallet screening, with approval checked before deposits and withdrawals. The published Flagship fee is 10% of interest earned; underlying Ecosystem vaults also publish their own fees, so this figure should not be read as a combined cost.

Withdrawals and losses

Uninvested USDC and the underlying vaults' available funds support withdrawals between borrower repayments; access approval does not guarantee immediate liquidity. Losses in the lending vaults reduce the value of this vault's shares, including shortfalls when assets pledged by defaulting borrowers cannot cover their debt.