Galaxy launches a crypto-backed portfolio line of credit allowing GalaxyOne clients to borrow against BTC, ETH, and SOL without liquidating holdings.
DeFi & Yields ·
Galaxy has introduced a crypto-backed line of credit for GalaxyOne clients, enabling them to borrow cash using Bitcoin, Ethereum, and Solana as collateral while maintaining their positions in those assets. The product treats eligible holdings as a combined pool to secure the revolving credit facility, giving clients access to liquidity for operational needs or new opportunities without forced sales.
The mechanism allows borrowers to draw funds against their crypto portfolio while continuing to hold their underlying tokens, effectively unlocking capital that would otherwise remain locked in long-term positions. This approach addresses a common friction point for institutional and high-net-worth holders seeking short-term cash without exiting their investments.
Specifics on loan terms, collateralization ratios, interest rates, and which additional assets may qualify beyond the three named cryptocurrencies remain unclear. It is also unknown whether the product will expand to other client segments or whether there are limits on credit amounts per account.