Galaxy Launches BTC, ETH, and SOL-Backed Credit Line on GalaxyOne
Galaxy Digital Inc. (NASDAQ: GLXY) has introduced a new crypto-backed credit line product through its platform GalaxyOne, allowing eligible U.S. clients to borrow against Bitcoin, Ethereum, and Solana without selling their holdings. The revolving credit facility offers up to 50% loan-to-value ratios with no origination fee and an annual percentage rate of 8.99%. Borrowers can receive funds in either USD or USDC, and staked SOL collateral remains active for staking rewards during the loan period. The product is supported by Galaxy's institutional infrastructure rather than a DeFi protocol. This launch marks an expansion into consumer lending for GalaxyOne, which previously focused on trading and investment access. It aims to provide retail clients with liquidity options similar to those available in its institutional lending business.
Tickers: $GLXY
Topics: blockchain credit_lines cryptocurrency institutional_infrastructure