Professional-grade access to Bitcoin-backed credit

Professional-grade access to Bitcoin-backed credit

Strong collateral backing

Strong collateral backing

Stable returns

Stable returns

Built-in collateral protections

Built-in collateral protections

Firefish credit fund overview

Firefish credit fund overview

Risk Profile

Secured, over-collateralized lending

Underlying Asset

Bitcoin-backed loans

Target Return

11% APR (net, not guaranteed)

Collateralization

Typically 200%+ BTC per loan

Vehicle Type

Alternative Investment Fund

Eligible Currencies

EUR · USD · CZK

Minimum Investment

€125,000 (or equivalent)

Benefit from Bitcoin-backed lending

Benefit from Bitcoin-backed lending

Bitcoin-backed loans offer a compelling combination of strong collateral protection and attractive yields.

Firefish Alternative Fund provides a clear, professionally managed path into this growing segment of secured credit.

Firefish BBL vs. EUR TSY

Comparison

Firefish BBL vs. EUR TSY

Comparison

Secured by Design

Secured by Design

Three layers of protection built into every loan.

1. Always Over-Collateralized

2. Automated Liquidation Engine

3. Default Protection Mechanisms

Built on top of the fast-growing Firefish platform

Built on top of the fast-growing Firefish platform

Built on top of the
fast-growing Firefish platform

€200M

€200M

Loans originated

Loans originated

22%

22%

Loans repaid early

Loans repaid early

€650M

€650M

Value processed

Value processed

0.4%

0.4%

Historical default rate

Historical default rate

Terms

Minimum Investment

Minimum Investment

Target Return

Target Return

Collateral Framework

Collateral Framework

Eligible Currencies

Eligible Currencies

Subscriptions

Subscriptions

Redemptions

Redemptions

Contact us

Thank you for your interest in the fund. Please provide your contact details below. Our team will reach out with detailed investment information and guide you through the contracting process.

Note: The minimum investment for this fund is 125,000.

Legal & Regulatory Disclosure

Legal & Regulatory Disclosure

Firefish Alternative Fund is a trade name of LQ solutions s.r.o., a company incorporated under the laws of the Czech Republic, with its registered office in the Czech Republic. Firefish Alternative Fund constitutes an alternative investment fund pursuant to Section 15 of Act No. 240/2013 Coll., on Management Companies and Investment Funds (ZISIF). The alternative investment fund is not subject to supervision by the Czech National Bank (ČNB). The fund accepts investments exclusively from qualified investors within the meaning of applicable Czech law.


Investments are limited to investors capable of committing a minimum initial investment of EUR 125,000 (or equivalent). Subsequent investments may be made in lower amounts. This website and the information contained herein are provided for informational purposes only and do not constitute an offer, solicitation, or recommendation to invest. Any investment decision may be made solely on the basis of the fund’s final legal documentation.


Capital is at risk. Past performance is not indicative of future results. Target returns are not guaranteed.


Firefish is an open lending marketplace

connecting Bitcoiners, institutions and

investors.

Firefish Europe s.r.o. (ID: 55912974) is authorised as a crypto-asset service provider (CASP) under Regulation (EU) 2023/1114 (MiCA) to provide crypto-asset services referred to in Article 3(1) (16)(a), (c), (d) and (j). This authorisation covers crypto-asset services provided within the Firefish platform offering —operation of the bitcoin collateral escrow environment, liquidation exchange of collateral, and related on-chain transfers. Any other services available through the Firefish platform or Firefish activities connected to the platform operation fall outside the scope of MiCA and are not covered by this authorisation.

©2026 Firefish. All rights reserved.

Founded with

at

Firefish

Firefish is an open lending marketplace

connecting Bitcoiners, institutions and

investors.

Firefish Europe s.r.o. (ID: 55912974) is authorised as a crypto-asset service provider (CASP) under Regulation (EU) 2023/1114 (MiCA) to provide crypto-asset services referred to in Article 3(1) (16)(a), (c), (d) and (j). This authorisation covers crypto-asset services provided within the Firefish platform offering —operation of the bitcoin collateral escrow environment, liquidation exchange of collateral, and related on-chain transfers. Any other services available through the Firefish platform or Firefish activities connected to the platform operation fall outside the scope of MiCA and are not covered by this authorisation.

©2026 Firefish. All rights reserved.

Founded with

at

Firefish

Firefish is an open lending marketplace

connecting Bitcoiners, institutions and

investors.

Firefish Europe s.r.o. (ID: 55912974) is authorised as a crypto-asset service provider (CASP) under Regulation (EU) 2023/1114 (MiCA) to provide crypto-asset services referred to in Article 3(1) (16)(a), (c), (d) and (j). This authorisation covers crypto-asset services provided within the Firefish platform offering —operation of the bitcoin collateral escrow environment, liquidation exchange of collateral, and related on-chain transfers. Any other services available through the Firefish platform or Firefish activities connected to the platform operation fall outside the scope of MiCA and are not covered by this authorisation.

©2026 Firefish. All rights reserved.

Founded with

at

Firefish

Firefish is an open lending marketplace

connecting Bitcoiners, institutions and

investors.

Firefish Europe s.r.o. (ID: 55912974) is authorised as a crypto-asset service provider (CASP) under Regulation (EU) 2023/1114 (MiCA) to provide crypto-asset services referred to in Article 3(1) (16)(a), (c), (d) and (j). This authorisation covers crypto-asset services provided within the Firefish platform offering —operation of the bitcoin collateral escrow environment, liquidation exchange of collateral, and related on-chain transfers. Any other services available through the Firefish platform or Firefish activities connected to the platform operation fall outside the scope of MiCA and are not covered by this authorisation.

©2026 Firefish. All rights reserved.

Founded with

at

Firefish