# Maestro Institutional

> Institutional-grade, BTC-denominated yield from a Bitcoin Vault Framework — hybrid custody, qualified-custodian settlement, and native-BTC access for asset managers, Bitcoin treasuries, and miners.

The institutional-buyer surface for Maestro Institutional — a Bitcoin Vault Framework for compliant, BTC-denominated institutional yield. A product line of Go Maestro Inc., not a separate legal entity. Audience: asset managers, Bitcoin treasuries, and miners.

## Product model

Maestro is a vertically integrated Bitcoin financial stack. Four layers:

- Data · Maestro Developer — API SaaS and infrastructure for Bitcoin apps.
- Liquidity · Maestro Institutional — Bitcoin Vault Framework — compliant, BTC-denominated institutional yield (AUM-based, in BTC).
- Credit · Mezzamine — Secured lending to qualified miners, backed by BTC, energy assets, and proof-of-work.
- Tokenization · myBTC — Mining-backed, yield-bearing BTC token; accrues yield via mNAV (multiple of net asset value) appreciation each epoch.

## Custody

Hybrid custody: an on-chain layer automates accounting and distribution while a custodial layer grounds every product in the qualified-custody, KYC/AML rails institutions require. Anchorage Digital is the only integrated custodian. Vaults take deposits, withdrawals, and distributions in native BTC (BTC-native access); strategies may route through bluechip wrapped BTC (wBTC, cbBTC) internally.

## Home
https://gomaestro.org

> The largest pool of **pristine collateral** humanity has ever produced — finally put to work.
— Marvin Bertin, Cofounder & CEO

How it works:
- 01 · Asset — BTC in, BTC out. Deposit and redeem in-kind. Built for compounding Bitcoin. [BTC-DENOMINATED]
- 02 · Vault — Structured BTC Vaults. Custodian- and compliance-friendly on-chain investment products. [24/7 · ON-CHAIN]
- 03 · Strategy — Native BTC, native yield. Sophisticated Bitcoin-first strategies, engineered for durable yield. [AUTO REDEMPTION]

The yield engine (Mezzamine miner-secured credit):
- Backed by energy & compute — Real infrastructure, real productive assets: ASIC fleets, power contracts, and BTC reserves.
- Currency-aligned debt — Bitcoin block rewards match the debt liability and protect against price volatility and margin calls.
- Integrated hedge — Delta-neutral protection targets principal preservation even through bear markets.
- Block-production yield — Repaid in BTC from real mining output — earned, not emitted.

- MPC integration — Works alongside your custodian's existing key infrastructure.
- KYC-gated vaults — Permissioned access and compliant counterparty whitelists.
- Portfolio visibility — Periodic reporting on vault activity, transaction volumes, and returns.
- No token incentives — Only real yield backed by economic activity and credit demand.

From our lead investor — Tim Draper, Founder, Draper Associates: "The Bitcoin economy will be a catalyst for global economic empowerment, transforming how people interact with money on every level. Maestro provides the critical infrastructure needed for this digital financial revolution."

## Vaults
https://gomaestro.org/vaults

- Vaults live: 02 (of 5 listed)
- Total volume: 371 ₿ (as of Aug 31, 2026)
- Realized APY: 9-12% (net of fees)
- Paid in BTC: 100% (every vault)
- Miner credit committed demand: 1,520 BTC (committed borrower pipeline)

### Mezzamine Credit
Senior secured mining credit, with dynamic hedging. Bitcoin Miner Credit · 6-9% BTC APY · Balanced · live.
Cycle-resistant BTC credit focused on large Bitcoin mining companies. Debt repaid from block rewards, with BTC price and fleet hedging offering downside protection.

### Bitcoin Solver
Cross-chain BTC → wrapped BTC intents. Earn the settlement spread. Intent Solver · 3-4% BTC APY · Balanced · migrating.
Intent-based solver earning spreads filling cross-chain swaps between BTC and wrapped BTC. BTC denominations only. No currency or directional price risk, no leverage, no impermanent loss. Tranche 1 completed; Tranche 2 starts soon.

### myBTC Mining RWA
Yield-bearing BTC. Bundled mining credit + liquid yield strategies. Blended BTC Yield · 4-5% BTC APY · Balanced · upcoming.
A single yield-bearing BTC token bundling mining credit and liquid yield strategies. The flagship — explore the full structure, hedging, and launch timeline.

### Mezzamine Earn
Principal-protected BTC yield. 1:1 backed credit instrument. BTC Credit Line · 3-4% BTC APY · Conservative · upcoming.
A principal-protected BTC yield product backed 1:1 by a credit instrument. Launching soon — full terms to follow.

### Mining Hashrate Loan
Mining pool hashrate loan against future block rewards. Hashrate advances · TBD BTC APY · High Yield · upcoming.
A hashrate loan to mining pools advanced against future block rewards. Launching soon — full terms to follow.

## Platform
https://gomaestro.org/platform

Capabilities:
- Unified treasury. — Every wallet and custodian, consolidated — holdings and NAV across the whole book, live. [Wallets + custodians]
- Policy engine. — Strategy approvals, allocation limits, whitelists, and per-action caps — flexible on-chain controls within your custodian's policy. [TRM Labs · AML compliance]
- Vaults marketplace. — Deploy into risk-managed yield vaults in a single, KYC-gated workflow. Compare programs and allocate from one place. [5 vaults]
- Statements & reporting. — Vault statements and historical transaction reports — the exports you'd expect from a centralized exchange. [PDF · CSV exports]
- MPC signer integration. — Works alongside your custodian's existing key infrastructure. Your custodian holds the keys; we orchestrate the signatures. [Anchorage]
- API & SDK. — A REST API and SDKs for programmatic access, with webhook events on state changes. [99.993% uptime]

Why Maestro:
- Your custodian — Your BTC is grounded in qualified custody — deposits and distributions are native Bitcoin.
- Institutional by design — Vaults for sophisticated structured products — KYC-gated, AML-screened, downside protection built in.
- Real yield — Earned from real economic activity — miner credit and productive markets.
- Native Bitcoin — Deposit, earn, and withdraw in real BTC — no EVM wallet, no bridging.

Partners & integrations (custody · audit · compliance):
- Anchorage Digital (OCC-chartered trust bank) — First federally-chartered crypto bank; MPC signer integration.
- Halborn (Blockchain security · audit) — Smart-contract audits and security review.
- TRM Labs (KYT · risk monitoring) — On-chain screening and transaction risk scoring.

Turn treasury Bitcoin into productive capital. Most institutional Bitcoin sits idle. Maestro's Bitcoin financial instruments, anchored in real economic activity, unlock all-new capital markets.

## myBTC
https://gomaestro.org/mybtc

Blended Bitcoin yield via a basket of institutional mining credit and liquid yield strategies.
A yielding BTC token offering diversified yield exposure via institutional mining and liquid solver protocols. Built-in delta-neutral BTC price hedging, first-lien collateral, and flexible redemption.
Blended BTC APY 4-5% · Launch Q4 2026 · Minimum 3 BTC · Settlement in native BTC · Custody: Anchorage Digital.

Pool blend: Mining credit 50% / Hedge + liquid 50%.

Mining credit sleeve — 1,520 BTC committed borrower pipeline. Programs:
- Sazmining (live) — 100% renewable · 1 EH/s · 6-9% · Live
- ABTC Corp — Public US miner · 28 EH/s · 6-7%
- Braiins Pool — Mining pool · 14 EH/s · 6-9%

Delta hedge — Options and perpetuals, run in-house through Anchorage Digital and FalconX, target 100% of notional hedged — offsetting BTC price exposure to protect the pool's principal through cycles. Partner: Anchorage Digital.

Why BTC-native:
- No FX drag. — Compound in Bitcoin, not dollars. A USD yield is a loss if Bitcoin outruns it over the holding period.
- No conversion tax. — No BTC↔USD round-trips, so no taxable conversion events on the way in or on the way out.
- Real economic yield. — Backed by Proof-of-Work mining and live trading — real economic activity that scales with the network.
- Institutional alignment. — Built for balance sheets that hold Bitcoin and report in Bitcoin — yield accrues in the same denomination.

Protected, not just productive:
- Delta-neutral hedge. — A delta-neutral overlay offsets Bitcoin price exposure across the whole position, so a drawdown doesn't erode principal.
- First-lien collateral. — Every loan is overcollateralized and secured by a first-lien claim on BTC, ASICs, and hashrate.
- Liquid reserve. — A dedicated buffer tier serves redemptions first, so exits never force a fire-sale of the credit book.

Built for institutions:
- Your custodian. — Settles through Anchorage — qualified custody. Keys stay with your custodian, never with us. Hybrid custody by design.
- Compliance-gated access. — Permissioned and KYC/AML-gated, configured to your firm's compliance requirements.
- On-chain verifiable. — Audited contracts, with pool allocations and NAV attested on-chain in real time.

Lifecycle:
- 01 Deposit BTC — Mint myBTC 1:1 at the current mNAV.
- 02 Blended allocation — Capital splits across mining credit and liquid yield.
- 03 Dynamic rebalance — Rotates toward mining credit as loan demand rises.
- 04 Redeem to BTC — Burn myBTC for native Bitcoin at the accrued mNAV.

## Why Maestro
https://gomaestro.org/why

> Energy is the value. Bitcoin is the currency. Maestro is the rail.
— The rail by which energy-backed capital moves.

Why now — the rail's properties:
- Sovereign. — For an asset that answers to energy and code, not any issuer — deposit, withdraw, and earn in native Bitcoin.
- Neutral. — A rail every participant can ride, whoever wins the consolidation — we run no conflicted book, and clear between both sides.
- Hybrid by custody. — On-chain automation paired with qualified custody and the KYC/AML rails institutions require — the grounding that makes the yield real.

Our convictions:
- Sound money over diluting paper. — The world's commerce runs on faith in sovereign debt — money that dilutes with every issuance. We build on the opposite: a monetary base no issuer can inflate.
- Energy is the anchor of value. — Bitcoin is energy sealed into the hardest asset humanity has produced. Value anchored to physics, not policy, is the foundation a durable system deserves.
- Yield is earned, not emitted. — Return comes from real economic work — block production, secured lending, solver liquidity — not token incentives. Earned yield is the only yield that survives a cycle.
- Neutral rails, by discipline. — We run no conflicted book, and decline yield that leans on regulatory arbitrage over real risk-adjusted return. Sometimes the spread is real, and we leave it on the table.
- Hybrid custody by design. — An on-chain layer automates accounting and distribution; a custodial layer grounds every product in the qualified-custody, KYC/AML rails institutions require. The grounding custody is a feature, not a gap.
- Reasoned from first principles. — We started from the fundamentals of money, energy, and risk — not from what the market was already selling. Conviction, not consensus, is what compounds.

Mission: Accelerate the world's transition to the Bitcoin Economy.
Vision: A financial system backed by energy, anchored by Bitcoin.

## Research
https://gomaestro.org/research

- [Weekly yield more than doubles.](https://gomaestro.org/research/weekly-2026-07-20) — Weekly Report, 2026-07-27, by Marvin Bertin: Settlement yield came in at 8.21 bps for the week, up 5.22 bps from the prior week, on volume of 16.9240 BTC across 111 trades. Annualized, the week prints 4.37% BTC APY against a trailing four-week rate of 7.65% BTC APY.
- [Solver flow reaches Solana.](https://gomaestro.org/research/weekly-2026-07-13) — Weekly Report, 2026-07-20, by Marvin Bertin: The Solver protocol cleared its first Solana settlement of the trailing window — a cbBTC → cbBTC route out of Base — while BTC → WBTC extended its lead into Ethereum. The trailing four-week yield stands at 8.4% BTC APY.
- [SmashFi and Sazmining turned idle BTC into fixed, sustainable BTC yield.](https://gomaestro.org/research/smashfi-sazmining) — Case Study, 2026-07-14, by Marvin Bertin: Mezzamine connected SmashFi's capital to Sazmining's mining operations through risk-adjusted structured credit, turning idle Bitcoin into productive capital generating 9% annual BTC yield.
- [Both Mezzamine programs repay.](https://gomaestro.org/research/weekly-2026-07-06) — Weekly Report, 2026-07-13, by Marvin Bertin: Both Mezzamine mining programs returned Bitcoin to investors over the week of July 6 – July 12, 2026, including Mezzamine Mining Loan II's first repayment since deployment. Solver settlement eased from the prior week's high, with the trailing four-week yield at 10.57% BTC APY.
- [BTC → cbBTC leads volume.](https://gomaestro.org/research/weekly-2026-06-29) — Weekly Report, 2026-07-06, by Marvin Bertin: BTC → cbBTC became the week's most-traded pair at 32.5% of flow, as settled volume rose 165.4% to a trailing-8-week high. Net yield annualized to 16.49% BTC APY, above the trailing 10.31% BTC APY.
- [WBTC → BTC surges sevenfold.](https://gomaestro.org/research/weekly-2026-06-22) — Weekly Report, 2026-06-29, by Marvin Bertin: Redemptions to native Bitcoin on WBTC → BTC surged 622.2% to lead the week's share gains, even as total flow normalized to 23.2818 BTC after the prior week's record. Net yield held near the trailing four-week 8.01% BTC APY.
- [Volume reaches an 8-week peak.](https://gomaestro.org/research/weekly-2026-06-15) — Weekly Report, 2026-06-22, by Marvin Bertin: Bitcoin Solver volume reached 55.6616 BTC, up 57.1% week over week and its highest reading in 8 weeks, while net yield held above its trailing trend at 10.38% BTC APY.
- [Second Mezzamine loan goes active.](https://gomaestro.org/research/weekly-2026-06-08) — Weekly Report, 2026-06-15, by Marvin Bertin: A new Mezzamine mining-loan program raised and deployed 5.00 BTC to its borrower and moved into active repayment, while net Solver yield held near its trailing anchor at 9.02% BTC APY.
- [Weekly trades nearly triple.](https://gomaestro.org/research/weekly-2026-06-01) — Weekly Report, 2026-06-08, by Marvin Bertin: Settlement activity surged over June 1 – June 7, 2026: 175 trades cleared, up 182.3% week over week, and volume reached 48.7753 BTC — the highest of the trailing 8 weeks. Net yield held near trend at 10.19% BTC APY.
- [BTC → WBTC takes over.](https://gomaestro.org/research/weekly-2026-05-25) — Weekly Report, 2026-06-01, by Marvin Bertin: The BTC → WBTC route into Ethereum drew 56.8% of settled flow, more than doubling its share as activity concentrated. Net yield held near its trailing anchor at 11.81% BTC APY.
- [Trades nearly double this week.](https://gomaestro.org/research/weekly-2026-05-18) — Weekly Report, 2026-05-25, by Marvin Bertin: Settlement volume rose 89.6% to 27.2822 BTC, the highest weekly total of the trailing 8 weeks, while completed trades climbed 97.5%. Net yield held near its trailing anchor at 13.58% BTC APY.
- [BTC → WBTC dominates flow.](https://gomaestro.org/research/weekly-2026-05-11) — Weekly Report, 2026-05-18, by Marvin Bertin: Flow concentrated in BTC → WBTC, which took 98% of the week's volume as total settlement rose 122.6% to a 7-week high.
- [Volume climbs sixfold.](https://gomaestro.org/research/weekly-2026-05-04) — Weekly Report, 2026-05-11, by Marvin Bertin: Trading through the Bitcoin Solver protocol reached 6.46 BTC in May 4 – May 10, 2026 — the highest weekly volume of the trailing 6 weeks — on 45 settled trades. Trailing net yield stands at 33.59% BTC APY.
- [18.44% BTC APY stays elevated.](https://gomaestro.org/research/weekly-2026-04-27) — Weekly Report, 2026-05-04, by Marvin Bertin: The trailing four-week annualized yield held near 18.44% BTC APY as weekly volume returned to 1.0562 BTC following the prior week's high.
- [Volume hits a new high.](https://gomaestro.org/research/weekly-2026-04-20) — Weekly Report, 2026-04-27, by Marvin Bertin: Settlement volume rose 162.6% to 5.7123 BTC — the highest weekly total of the trailing 4 weeks — as trade count climbed 84.2%.
- [WBTC → BTC leads the week.](https://gomaestro.org/research/weekly-2026-04-13) — Weekly Report, 2026-04-20, by Marvin Bertin: Weekly Solver volume rose 156% to 2.1750 BTC, its busiest week yet, as WBTC → BTC pulled ahead to 52% of flow. Net yield held near its 3-week trend at 9.87% BTC APY.
- [Volume more than doubles.](https://gomaestro.org/research/weekly-2026-04-06) — Weekly Report, 2026-04-13, by Marvin Bertin: Settlement volume on the Solver protocol rose 163.5% week over week to its highest weekly total to date, concentrated almost entirely in the BTC → WBTC route. Net yield annualized at 7.81% BTC APY, above its 5.49% BTC APY trailing anchor.
- [2.32% BTC APY holds firm.](https://gomaestro.org/research/weekly-2026-03-30) — Weekly Report, 2026-04-06, by Marvin Bertin: The first edition of the Weekly Report. Over March 30 – April 5, 2026, the Bitcoin Solver protocol settled 13 trades on 0.3224 BTC of routed volume, with net yield running at 2.32% BTC APY.

Figures as of Aug 31, 2026 unless noted.