The fund remained stable during the significant liquidations of October 10th, 2025. Because the fund lends to high-quality counterparties rather than trading the market, its main exposure is credit risk (the ability of a borrower to pay back), not market volatility. On that day, the fund proactively engaged with all counterparties, all of whom performed as expected, resulting in a stable monthly return.
Stable Yield
Don’t pay to simply hold your Bitcoin. Put it to work for consistent returns. The Byzantine BTC Credit Fund lends your BTC to established, well-capitalised institutional counterparties that return up to 4% APY1. A simple, powerful way to turn your idle capital into a consistent stream of new BTC.
Considered Risk
Safety first, always. The fund’s strict standards mean partnering exclusively with borrowers backed by proven financial stability and massive equity capital. Grow your wealth through a conservative strategy.
Pure BTC Exposure
Invest in Bitcoin. Earn in Bitcoin. Grow your digital wealth natively without ever converting to fiat. Maintain 100% exposure with all interest generated and paid out strictly in BTC.
Historic Performance
%
Xapo Byzantine BTC Credit Fund
Since Inception | 5.25% |
Since Inception, annual | 2.63% |
1 Year | 2.55% |
Best Month | 0.26% |
Worst Month | 0.17% |
This is for information only, it is not investment advice. Past performance does not guarantee future results.
Fund Objective
The fund’s mission is simple: grow your Bitcoin balance consistently, month after month, no matter which way the market is moving. Instead of betting on market swings, the fund focuses on elite, high quality lending to generate a reliable return while keeping your initial investment as safe as possible.
Investment Approach
The fund generates interest by providing short-term Bitcoin loans to a highly exclusive network of Tier-1 institutions. By keeping maturities short and diversifying capital across rock-solid businesses, the fund remains highly agile and insulated from market shocks. Borrowers are strictly vetted to ensure they have the financial strength to pay the Bitcoin back.
Core Information
Investment Manager | Hilbert Capital |
Strategy | Institutional Structured Credit (BTC-Denominated): Short-term secured loans to Tier-1 borrowers with conservative underwriting. |
Current AUM | 4,003.93 BTC |
Determine your Potential
BTC
—4% APY*
(Receive 0.016 BTC Every month)
BTC
10 years
Total gains
after 10 years
after 10 years
+2.401 BTC—
Total balance
after 10 years
after 10 years
7.401 BTC—
This calculator is for illustration only. It uses the live BTC price and assumes that the price remains constant. Bitcoin price fluctuates, so actual returns may differ. Nothing displayed here should be considered financial or investment advice.
Terms
Minimum Investment | $120k equivalent in BTC |
Liquidity (Subscriptions) | Monthly |
Liquidity (Redemptions) | Monthly (30-day notice) |
Management Fee | 0.50% (Corporate accumulative) |
Performance Fee | 10% (High-Water Mark) |
Payouts | Monthly Payouts or reinvest |
Borrower Profile
Industry Titans:Established, deeply capitalised institutions with strong balance sheets and stable revenues.
Steady Operators:A strict preference for businesses with low-volatility revenue streams.
Elite Diversification:Strategically spread across a curated selection of Tier-1 borrowers and top-tier corporate groups.
Underwriting & Monitoring
Relentless Scrutiny:Continuous review of audited financials, liquidity, leverage, and market exposure.
Smart Scoring:Internal credit scoring weighted heavily toward deep liquidity, loss-absorbing capital, leverage, and unshakable revenue stability.
The Perfect Hybrid:Technology-driven analysis and monitoring, with mandatory expert human oversight.
Risk Controls
Agile Maneuvering:Short maturities empower the fund to rapidly reduce exposure if market dynamics shift.
Uncompromising Limits:Diversification caps rigorously enforced at both the borrower and sector levels.
Skin in the Game:We demand significant loss-absorbing equity capital from every borrower.
Defaults & Recovery
Zero defaults to date.
Our entire architecture is meticulously engineered to aggressively mitigate– though not entirely eliminate – default risk.
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FAQs
See all FAQs
While specific names are confidential, counterparties are typically large, well-capitalised, often listed institutions with:
Audited financials (rare in crypto).
A minimum equity capital balance of over $200 million.
Traditional business streams outside of crypto to avoid "wrong-way risk."
Why they borrow: A primary example is ETF facilitation. Institutions creating or redeeming ETF units may need to bridge a gap of thousands of Bitcoin to settle trades without straining their own balance sheets. They pay interest for the utility of using that Bitcoin for these institutional mechanisms.
The Xapo Fund requires 30 calendar days' notice to redeem because it's a registered, independently administered fund. A redemption runs through three stages:
Under Review:
The Fund Administrator confirms you own the investment you've asked to redeem.
Redemption Day:
On the last day of each month, your shares are cancelled and your Bitcoin leaves the portfolio.
Payout:
Your Bitcoin returns to your Xapo Wallet about 25 days later, once the monthly valuation is finalised.
Members can't exit early — redemptions only process on the monthly Redemption Day, so the full process takes 55–86 days depending on timing.
The process is managed directly within the Xapo app:
Subscriptions:Investment orders are processed on the first calendar day of each month ("Subscription Day") and must be received at least five days in advance.
Redemptions:Withdrawal orders are processed on the last calendar day of each month ("Redemption Day") and must be received at least 30 days in advance.
The fund remained stable during the significant liquidations of October 10th, 2025. Because the fund lends to high-quality counterparties rather than trading the market, its main exposure is credit risk (the ability of a borrower to pay back), not market volatility. On that day, the team proactively engaged with all counterparties, all of whom performed as expected, resulting in a stable monthly return.
The fund offers a way to turn Bitcoin from a "cost centre" (where you might pay for custody) into a productive asset. Key benefits include:
Risk Management:It is a conservative, non-leveraged strategy focused on capital preservation.
Flexibility:Xapo has introduced Distributive Shares, allowing members to choose between Accumulative (compounding your BTC) or Distributive (receiving monthly BTC payouts to your savings account to spend or trade).
Institutional Security:High-grade due diligence on counterparties provides a "safety feature" that higher-yield, higher-risk platforms lack.
The fund remained stable during the significant liquidations of October 10th, 2025. Because the fund lends to high-quality counterparties rather than trading the market, its main exposure is credit risk (the ability of a borrower to pay back), not market volatility. On that day, the fund proactively engaged with all counterparties, all of whom performed as expected, resulting in a stable monthly return.
The process is managed directly within the Xapo app:
Subscriptions:Investment orders are processed on the first calendar day of each month ("Subscription Day") and must be received at least five days in advance.
Redemptions:Withdrawal orders are processed on the last calendar day of each month ("Redemption Day") and must be received at least 30 days in advance.
While specific names are confidential, counterparties are typically large, well-capitalised, often listed institutions with:
Audited financials (rare in crypto).
A minimum equity capital balance of over $200 million.
Traditional business streams outside of crypto to avoid "wrong-way risk."
Why they borrow: A primary example is ETF facilitation. Institutions creating or redeeming ETF units may need to bridge a gap of thousands of Bitcoin to settle trades without straining their own balance sheets. They pay interest for the utility of using that Bitcoin for these institutional mechanisms.
The fund remained stable during the significant liquidations of October 10th, 2025. Because the fund lends to high-quality counterparties rather than trading the market, its main exposure is credit risk (the ability of a borrower to pay back), not market volatility. On that day, the team proactively engaged with all counterparties, all of whom performed as expected, resulting in a stable monthly return.
The Xapo Fund requires 30 calendar days' notice to redeem because it's a registered, independently administered fund. A redemption runs through three stages:
Under Review:
The Fund Administrator confirms you own the investment you've asked to redeem.
Redemption Day:
On the last day of each month, your shares are cancelled and your Bitcoin leaves the portfolio.
Payout:
Your Bitcoin returns to your Xapo Wallet about 25 days later, once the monthly valuation is finalised.
Members can't exit early — redemptions only process on the monthly Redemption Day, so the full process takes 55–86 days depending on timing.
The fund offers a way to turn Bitcoin from a "cost centre" (where you might pay for custody) into a productive asset. Key benefits include:
Risk Management:It is a conservative, non-leveraged strategy focused on capital preservation.
Flexibility:Xapo has introduced Distributive Shares, allowing members to choose between Accumulative (compounding your BTC) or Distributive (receiving monthly BTC payouts to your savings account to spend or trade).
Institutional Security:High-grade due diligence on counterparties provides a "safety feature" that higher-yield, higher-risk platforms lack.
Still have questions about the fund?
From exploring the BTC Fund to managing your savings, our team is ready to help — 24/7, right from your app.
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24/7 assistance— Get help anytime through in-app chat or email.
Bitcoin expertise— Guidance from specialists who understand both banking and crypto.
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