Bitcoin MagazineDan Hillery: Digital Credit Could Rival BTC’s $1.5 Trillion Market CapTwo years ago, Bitcoin-backed digital credit barely existed. Today it’s a roughly $16 billion market and Dan Hillery of UXTO thinks the financialization layer on top of Bitcoin could one day rival the network itself. In the debut episode of The Allocators Edge, Hillery breaks down how variable-rate preferred securities like STRC and SATA are priced, why buybacks keep them anchored near $100 par, and what separates digital credit risk from digital equity risk. He also walks through the structured credit fund he’s building, including its senior and junior tranches.0:00 — Digital Credit Is the Fastest-Growing Part of Bitcoin’s Capital Structure1:18 — Why STRC’s Variable Rate Design Has No Precedent in Market History2:59 — What Flat or Falling Bitcoin Prices Mean for Strategy and Strive4:17 — Short-Duration Bitcoin-Backed Notes and the Next Five Years of Products5:45 — The Biggest Misconceptions Investors Have About Preferred Securities6:58 — How Buybacks and Capital Markets Activity Anchor STRC Near $100 Par8:09 — Why Major Fund Classes Still Can’t Touch Digital Credit Today9:10 — Inside the UXTO Credit Fund: Senior and Junior Tranche Structure10:35 — Where the Leverage Comes From and How Volatility Risk Gets Transferred11:50 — Liquidity, Redemptions, and Digital Credit in a 60/40 PortfolioThis video is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Past performance is not indicative of future results. Investments in digital assets involve significant risk and may result in loss of capital. Both UTXO Management and BTC Inc., producer of BMTV, are owned by Nakamoto Inc. (NASDAQ: NAKA)DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.This post Dan Hillery: Digital Credit Could Rival BTC’s $1.5 Trillion Market Cap first appeared on Bitcoin Magazine and is written by Patrick Green.