Galaxy Digital Offers Competitive Crypto-Backed Credit Line to Retail Borrowers

Galaxy Digital has launched a new crypto-backed credit line that lets clients borrow against their Bitcoin (BTC) and Ethereum (ETH) holdings without selling. The product, called GalaxyOne Crypto Portfolio Line of Credit, combines BTC, ETH, and Solana (SOL), including staked SOL, as collateral under a single revolving credit line.

Clients can keep earning staking rewards on pledged SOL while borrowing against it, and the collateral is not rehypothecated. This means Galaxy cannot lend it out or reuse it while it backs the line.

The product offers competitive terms, including an APR of 8.99% and a loan-to-value at origination of 50%. The availability fee is also waived, making it an attractive option for retail borrowers.