Galaxy Digital Offers Crypto-Collateralized Lending with GalaxyOne

Galaxy Digital has launched a new lending service that allows users to borrow against their cryptocurrency portfolios without liquidating their assets. The GalaxyOne Crypto Portfolio Line of Credit permits qualified users to pledge Bitcoin (BTC), Ethereum (ETH), and Solana, including staked Solana tokens, as security for a flexible revolving credit facility.

The primary objective is to provide cryptocurrency holders with capital access while avoiding taxable events that result from asset sales. The service offers immediate fund availability in either USD or USDC, with no origination fees and an 8.99% annual interest rate.

Galaxy explicitly states that client collateral will not be rehypothecated, ensuring that deposited assets remain unavailable for third-party lending. Currently, the lending service is accessible to residents in 40 states throughout the United States.