Greengage & Co has set out plans to join the Access segment of the Aquis Stock Exchange Growth Market, aiming to scale its FinTech platform while launching a Bitcoin-backed yield strategy alongside the float.
Founded in 2018, the London-based company positions itself as a relationship-led bridge between traditional finance and digital assets.
Its core business is B2B introductions, connecting institutional and professional clients to payment services and e-money accounts, as well as credit providers for SMEs, fiduciaries and family offices.
Its model is already established, generating subscription income and arrangement fees, with more than $350 million of loans originated to date.
It currently has over 40 active clients, plus a pipeline of more than 60 prospective accounts, and works with partners including Equals Money to support “digital-asset friendly” account services.
The float is designed to fund what it calls a “Bitcoin Yield Reserve Strategy”.
Greengage said that this is different from passive corporate treasury Bitcoin holdings because it seeks yield on top of any potential price upside.
The plan is to purchase Bitcoin with IPO proceeds, then borrow against those holdings on a non-recourse basis and deploy the borrowed funds into high-yield private credit portfolios.
If Bitcoin appreciates, the business expects to keep that capital upside after loan repayment and if it falls sharply, the lender can liquidate the collateral but Greengage says it would have no liability beyond losing the pledged Bitcoin.
At admission, the board is set to be CEO Sean Henry Kiernan, chairman Prem Babu Goyal CBE and non-executive director Jennifer Katherine Knott, whose appointment is conditional on admission.
“We eagerly anticipate the next step of our journey through the admission to trading on AQSE,” said Kiernan.
“Greengage aims to fill the gap left by traditional lenders that cannot service businesses with cryptocurrency exposure, with our institutional-grade B2B platform offering access to payment services accounts, e-money accounts and crypto-backed lending.
“We aim to build on this proven model with our Bitcoin Yield Reserve strategy, which is differentiated from established passive Bitcoin Treasury holding strategies by pairing our treasury with diversified high-yield and risk-managed private credit strategies.
“We are extremely excited by the scalability of this model and believe that it will be attractive to a growing number of corporates with passive Bitcoin allocations needing yield generation.”
The company has not released details of the time of its listing or the amount it plans to raise.
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