Galaxy Digital has rolled out a crypto-backed portfolio line of credit through its retail platform GalaxyOne, giving eligible US investors a way to access cash without selling their holdings
Galaxy Digital has rolled out a crypto-backed portfolio line of credit through its retail platform GalaxyOne, giving eligible US investors a way to access cash without selling their holdings in $BTC, $ETH or $SOL.
The revolving credit line combines eligible BTC, ETH and SOL under one facility rather than requiring a separate loan for each asset.Staked SOL can also be used as collateral without unstaking, allowing clients to continue earning applicable staking rewards while accessing liquidity.
The product carries no origination fee and an 8.99% APR, offers instant funding in USD or USDC, does not rehypothecate collateral and is initially available in 40 US states.The credit line starts with an initial loan-to-value ratio of 50%, while collateral values are monitored as market prices change.
Funds can go toward tax obligations, real estate, home improvements or other expenses without triggering a taxable sale of the underlying crypto.Collateral pledged to the line is not rehypothecated, meaning Galaxy does not lend or reuse the assets while they back the loan.
The product is supported by Galaxy's institutional infrastructure rather than an external DeFi protocol and is initially available to eligible clients in 40 US states.GalaxyOne Managing Director Zac Prince said the product leverages Galaxy's institutional infrastructure to offer retail borrowers rates, security and flexibility not previously available through a single product.
Galaxy's offering enters a market that already includes several competitors. Ledn offers Bitcoin-backed loans in USD and USDC. Coinbase lets eligible users borrow against crypto at rates advertised as low as 5%. Nexo Credit Line allows users to combine BTC, ETH and other assets as collateral.Galaxy's differentiation is the combination of no origination fee, institutional-grade custody and the ability to use staked SOL as collateral without unstaking.
The credit line is part of GalaxyOne, which Galaxy launched in October 2025 as a platform combining crypto trading, US stock and ETF trading, and cash products.Galaxy has also been expanding its lending activities beyond retail customers. In July, the company launched Galaxy Onchain Financing Rate (GOFR), a managed lending program for institutions, high-net-worth individuals and accredited investors.
Sources:Galaxy expands retail crypto lending with new BTC, ETH and SOL-backed credit line (The Block)Galaxy Launches BTC, ETH and SOL-Backed Credit Line on GalaxyOne (Yahoo Finance)Galaxy Launches 8.99% Credit Line Backed by BTC, ETH and SOL (The Crypto Times)
