BlockFi Reintroduces High-Yield Product Due to SEC Exemption
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Features of BlockFi High-Yield Product
The BlockFi platform offers enticing features that US clients who have been authenticated as accredited investors and are interested in earning interest on digital assets will find valuable. These features include attractive interest rates on digital assets, accessibility to 15 digital assets, the option to trade and earn interest on digital assets, and no minimum investment requirement.
BlockFi Interest Account
BlockFi is marketing the product under an exemption from the Securities Act of 1933. The action was taken in response to BlockFi's announcement that it will register Yield, previously known as the BlockFi Interest Account with the SEC, which in February levied a $100 million punishment against the fintech. Before the SEC fined it, BlockFi gained attention for several state-wide inquiries into whether its offering amounted to security.
