Bollcoin, October 28 — According to Decrypt, Birch Hill, a New York startup founded by former Goldman Sachs and BlackRock employees, has announced the close of a $4 million seed round led by Multicoin Capital, with participation from ParaFi Capital, Castle Island Ventures and Nascent. The round brings the company's total funding to $6.5 million. Birch Hill is an official vault curator for the lending protocol Morpho and has applied to FINRA for broker-dealer registration, which would allow it to sell private credit products to accredited investors once approved. The company plans to package and securitize U.S. multifamily housing, agriculture and energy loans and bring them onchain within the U.S. regulatory framework, and met with the SEC's crypto task force in August.