Overview
- Mezo Prime, announced Wednesday with Anchorage Digital Bank, lets institutions earn yield and borrow against bitcoin while staying in qualified custody using segregated Enclave vaults.
- Depositors can lock BTC as veBTC to collect protocol fees or use it as collateral to borrow MUSD, a dollar‑pegged stablecoin backed by bitcoin on the platform.
- Bullish became the first customer with a 250 BTC commitment and began deploying a portion of its treasury through the product while keeping its existing Anchorage custody in place.
- Anchorage made the service available right away to its institutional clients through the bank’s existing interface to reduce onboarding friction.
- Bullish shares fell about 5.78% to $37.51 later Wednesday after the launch, with market trackers noting a break below the $39 level during mid‑session trading.