Birch Hill Holdings, a New York-based financial services firm that assesses, structures and distributes credit on public blockchains, raised a $4.0 million seed round led by Multicoin Capital with participation from ParaFi Capital, Castle Island Ventures and Nascent, bringing its total financing to date to $6.5 million — implying $2.5 million previously raised. The company said it will use the proceeds to advance its mission to build a regulated path for on-chain credit, though the announcement was truncated after "regulated path for o" and did not detail further expansion plans. No metrics on clients, revenue, pipeline, or employee count were disclosed in the excerpt.