[Xapo Bank Expands Its Bitcoin Credit Fund, Developing 'A Range of Bitcoin Wealth Products'] According to an official announcement from The Block, Xapo Bank's yield-generating Bitcoin lending product, the Xapo Byzantine BTC Credit Fund, has officially opened to a broader range of qualified investors after attracting $100 million in member fund allocations during its initial phase. The fund deploys user-deposited Bitcoin through a fully institutionalized credit process, with loan decisions overseen by the investment committee of independent investment manager Hilbert Group. It aims to provide long-term Bitcoin holders with a low-risk, stable-yield wealth management tool. Tommy Doyle, Xapo Bank's Global Head of Client Relationship Management, stated: 'The Xapo Bitcoin Credit Fund aligns perfectly with our range of Bitcoin wealth products. It offers stable returns for our long-term Bitcoin holders with a low-risk appetite.' Under the fund's terms, only qualified investors can participate, which may involve minimum investment thresholds and due diligence assessments. Earlier this year, Xapo, primarily known as a cryptocurrency custody institution, began offering Bitcoin-collateralized USD loans of up to $1 million. Xapo is also the first bank in the UK to provide interest-bearing Bitcoin and fiat currency accounts.