Galaxy Digital Rolls Out Crypto-Backed Credit Line at 8.99% Interest Rate
Galaxy Digital has expanded its GalaxyOne platform to offer retail borrowers access to an 8.99% annual interest rate crypto-backed credit line. The product accepts Bitcoin, Ethereum, and Solana as collateral, including staked SOL, allowing borrowers to receive funds in U.S. dollars or USDC without selling their holdings.
The loan's immediate fund disbursement means that customers can access cash quickly for various expenses such as tax obligations, real estate purchases, home improvements, or other financial needs.
Galaxy Digital Managing Director Zac Prince stated the offering leverages the company's institutional infrastructure to deliver competitive rates, security, and flexibility to retail borrowers. Pledged assets are not rehypothecated, meaning Galaxy cannot lend out or reuse the collateral while it backs a credit line.