Partners & Backers
Segregated Custody.
Institutional Security.
Mezo Enclaves are segregated Bitcoin vaults designed for institutional depositors. Your BTC stays isolated, fully collateralized on-chain, and never rehypothecated.
Segregated Enclaves
Each depositor gets an isolated Enclave — a segregated Bitcoin vault with no commingling of assets across accounts. Custody through Anchorage Digital, available directly to ADB clients.
Compliance-Ready
Everything your compliance and investment teams need to evaluate, approve, and monitor an Enclave position.
Your Risk.
Your Reward.
Every layer of participation earns more. Stack yield sources to build the return profile that fits your strategy.
Lock BTC into a segregated Enclave. Yield accrues automatically from protocol revenue — no rehypothecation, no commingling.
Provide liquidity to BTC trading pairs. Earn trading fees on top of your staking yield.
Lock MEZO alongside BTC. Access up to 5x boosted yield and actively vote on gauges.
Your Bitcoin.
Your Credit Line.
Deposit BTC, borrow stablecoins at fixed rates. Scale from six figures to nine — same rate, same terms, built for institutional borrowers.
Collateralize
Deposit BTC into a segregated Enclave — isolated per depositor, fully collateralized on-chain, never rehypothecated. Access up to 90% of your Bitcoin's value from cold storage or qualified custody.
Choose Your Stablecoin
Borrow MUSD at 1% APR fixed, or USDC/USDT from 4+% APR. MUSD rates are locked for the life of the loan.
MUSD1% APR
USDC · USDT*4+% APRMaintain Your BTC Exposure
Your Bitcoin stays yours. If the price rises, you capture the upside. Close your loan and withdraw anytime — no penalties.
500 BTC
≈ $41,500,000
—
MUSD
·
1% APR Fixed
*USDC and USDT loans are not available for all users. Reach out to our team if you are interested in non-MUSD loans.
Start the Conversation
Our institutional team will walk you through custody integration, risk framework, and onboarding for your specific setup.
Select your primary interest
We typically respond within one business day.
Ready to monetize your balance sheet?
Learn more about how Mezo and Anchorage work together.
Trust Built on
Transparency
Concise risk disclosures framed for how allocators actually think about position sizing.
Collateralization
All positions are overcollateralized. You choose your LTV — conservative allocators typically use 25–40%, maintaining 2.5–4x collateral coverage.
Liquidation
Liquidation triggers are deterministic and on-chain, with real-time position health monitoring. Add collateral anytime to maintain your ratio during drawdowns.
Smart Contracts
All code is open-source and verifiable on-chain, with contracts audited by multiple independent firms. An ongoing bug bounty program provides additional coverage.
Segregated & Non-Custodial
Each depositor's BTC is held in an isolated Enclave, with collateral locked in smart contracts and never re-lent. Withdraw to L1 Bitcoin anytime.
Questions from
Institutional Allocators
How does this fit into our existing custody workflow?
What is an Enclave?
What happens during a BTC drawdown?
Where does the yield come from?
Can my compliance team evaluate this before we commit?
Is there a minimum or maximum position size?
How is the borrowing rate determined?
Can our clients maintain BTC exposure while accessing capital?
What is the process to close out a loan?
