Aven has launched a Bitcoin Visa Card in partnership with BitGo, enabling consumers to access credit secured by bitcoin collateral without selling their holdings. BitGo provides the wallet and custody infrastructure supporting the product. The card allows bitcoin owners to unlock credit based on their holdings whilst maintaining their positions. BitGo's technology employs a per-borrower custody model, with each borrower's bitcoin held in a dedicated wallet designed for collateral segregation and secure management. BitGo serves as infrastructure provider for the deposited bitcoin collateral. The partnership reflects growing demand for financial products that extend digital asset utility beyond trading and long-term holding. Aven, founded in 2019, operates a machine-banking platform focused on asset-backed credit cards. Aven Visa credit cards are issued by Coastal Community Bank.

Startup founders should strategize for late-stage fundraises, like a $250 million Series D, from the start, according to founders and VCs. Aven CEO Sadi Khan emphasized planning for capital needs early, as Aven requires significant funding for growth. Building relationships with investors early is crucial, with Lila Preston of Generation Investment Management suggesting starting at least two years prior to needing capital. This approach helps align with suitable investors for future funding rounds.