Galaxy Digital Unveils Portfolio-Based Crypto Lending for BTC, ETH, and SOL Holders
Galaxy Digital has introduced its GalaxyOne Crypto Portfolio Line of Credit, allowing qualified users to access liquidity by borrowing against their cryptocurrency portfolios without needing to liquidate their digital assets. The service enables users to pledge Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) as security for a flexible revolving credit facility.
The primary objective is to provide cryptocurrency holders with capital access while avoiding taxable events that would result from asset sales. Qualified users can access borrowed funds denominated in either USD or USDC, with the platform promising immediate fund availability.
The credit line imposes zero upfront fees and charges 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.