Galaxy Launches Bitcoin, Ethereum and Solana Collateralized Lending Service, Expanding Retail Crypto Lending Business
- Galaxy Digital's retail platform GalaxyOne has launched a crypto asset portfolio credit line.
- Eligible clients can borrow cash using Bitcoin, Ethereum, and Solana as collateral without selling their assets.
- The product allows for instant USD or USDC funding through a single revolving credit line.
- It has an annual interest rate of 8.99% and no fees, covering 40 U.S. states initially.
- The product does not involve rehypothecation of collateral.
On August 26, PANews reported that Galaxy Digital's retail platform GalaxyOne has introduced a new lending service. This service allows eligible clients to borrow cash by using Bitcoin, Ethereum, and Solana as collateral without the need to sell their assets.
The new credit line aims to provide liquidity to investors while avoiding taxable events. Clients can consolidate multiple crypto assets as collateral and receive instant funding in USD or USDC through a single revolving credit line.
The lending product features an annual interest rate of 8.99% and does not impose any fees. It is initially available in 40 U.S. states and does not involve rehypothecation of collateral.
Zac Prince, Managing Director of GalaxyOne, stated that the service leverages Galaxy's institutional-grade infrastructure to offer competitive rates and flexibility to clients.
Galaxy推出比特币、以太坊和索拉纳抵押贷款服务，扩展零售加密贷款业务
2023年8月26日，PANews报道，Galaxy Digital的零售平台GalaxyOne推出了一项新的贷款服务。该服务允许符合条件的客户使用比特币、以太坊和索拉纳作为抵押品借款，而无需出售资产。
这项新的信用额度旨在为投资者提供流动性，同时避免触发应税事件。客户可以将多种加密资产作为抵押，获得美元或USDC的即时资金，通过单一的循环信用额度进行操作。
该贷款产品的年利率为8.99%，且没有任何费用。初步覆盖40个美国州，并且不涉及抵押品的再抵押。
GalaxyOne的董事总经理Zac Prince表示，该服务利用了Galaxy的机构级基础设施，为客户提供具有竞争力的利率和灵活性。