The interest in generating returns from bitcoin holdings is on the rise, and Mezo, a finance platform, has introduced a new solution to capitalize on this trend. Mezo Prime is launching segregated vaults, known as Enclaves, which enable institutions to earn yield on their bitcoin assets held in custody with Anchorage Digital Bank. This development reflects a change in how institutions perceive bitcoin, transforming it from a passive store of value to a capital-generating asset.
The emergence of bitcoin-native yield infrastructure has driven this shift, with projects like Rootstock and Babylon developing mechanisms for bitcoin to be used in lending and other financial strategies. Mezo's Enclaves are designed to meet institutional requirements for asset segregation, reporting, and risk controls, addressing historical limitations in crypto lending and decentralized finance. The project has received 250 BTC in funding from Bullish, which is also among the first users of the product. Bitcoin deposited into the vaults can be locked to earn protocol fees or used as collateral to borrow a bitcoin-backed stablecoin.
While institutional adoption of these products is still in its early stages, and yields are relatively low, projects like Mezo demonstrate a growing trend of treating bitcoin as a productive financial asset rather than just a digital equivalent of gold.