Blockstream Capital Partners (BCP) has completed the acquisition of Berglinde AG, a Zug-based Swiss financial services firm specializing in bitcoin-backed lending and institutional solutions.

This move is set to strengthen Blockstream’s presence in Europe and further its ambition to bridge traditional finance with bitcoin-based products.

Expansion into europe

Founded in 2024, Berglinde AG quickly established itself among banks and institutional investors for its expertise in risk management and secure, overcollateralized bitcoin-backed loans.

The company’s offerings allow clients to access liquidity without needing to sell their bitcoin holdings, while also providing guidance on regulatory compliance and integration of bitcoin services for financial institutions.

Building a bitcoin financial ecosystem

BCP’s acquisition follows its previous investments in bitcoin infrastructure, such as institutional custody provider Komainu.

The addition of Berglinde is part of Blockstream’s broader goal of creating a “fully integrated Bitcoin financial ecosystem”—spanning custody, infrastructure, and asset management.

PeterPaul Pardi, Managing Partner at BCP, stated:

“This acquisition reflects our long-term vision: building a fully integrated Bitcoin financial ecosystem spanning infrastructure, custody, and asset management.”

Institutional focus and swiss compliance

Berglinde’s team, led by founder Phil Lojacono, will remain in place and the company will continue to operate from Zug as Blockstream’s main Swiss hub. Lojacono commented:

“Joining forces with Blockstream Capital Partners is a transformative step for Berglinde. Together, we will unlock new opportunities for the Bitcoin economy in Europe, bringing institutional-grade products that combine innovation, transparency, and long-term security.”

The acquisition positions Blockstream to deliver new financial products, tokenized assets, and compliant, bitcoin-based asset management to institutional clients across Europe.