Galaxy Digital Unveils Crypto Portfolio Line of Credit

Galaxy Digital has launched a new Crypto Portfolio Line of Credit that lets eligible US clients borrow against their Bitcoin, Ethereum, and staked Solana holdings without selling them. The product is available through Galaxy's GalaxyOne platform and carries a fixed 8.99% APR with zero origination fees.

The credit line allows borrowers to tap USD liquidity using a combination of BTC, ETH, and staked SOL as collateral. This means clients can pledge multiple assets rather than being forced to choose one asset as collateral. The facility is a revolving line, allowing borrowers to draw down and repay flexibly rather than taking a lump sum with rigid repayment terms.

The product's fixed-rate structure removes the anxiety of rate fluctuations, which is particularly valuable in the crypto lending market where borrowing costs can swing wildly based on utilization rates. Additionally, borrowing against crypto is generally not a taxable event under current tax law, whereas selling appreciated crypto triggers capital gains tax in the US.