Galaxy Digital Unveils Crypto Portfolio Line of Credit for GalaxyOne Clients

Galaxy Digital has launched a new lending product that allows eligible GalaxyOne clients to borrow cash against their Bitcoin, Ether, and Solana holdings without selling them.

The product, called the GalaxyOne Crypto Portfolio Line of Credit, provides instant USD or USDC funding with no origination fee and an annual percentage rate of 8.99%.

Eligible clients can borrow against a combined portfolio of these three assets through a single revolving credit line, giving them access to liquidity without triggering a taxable event from selling their assets.

The product is designed to compete with similar offerings from Coinbase, Ledn, and Nexo, and is currently available in 40 U.S. states.