Galaxy Expands Retail Crypto Lending with New Portfolio Line of Credit

Galaxy Digital has expanded its retail crypto lending capabilities with a new portfolio line of credit that allows eligible GalaxyOne clients to borrow cash against their cryptocurrency holdings without selling. The product, called the GalaxyOne Crypto Portfolio Line of Credit, combines eligible assets as collateral, enabling clients to tap liquidity for expenses or investments while remaining invested in crypto.

The portfolio line of credit is available to investors who want to avoid the burden and hurdles associated with selling digital assets, according to Zac Prince, managing director of GalaxyOne. The product carries no origination fee and an 8.99% APR, offers instant funding in USD or USDC, does not rehypothecate collateral, and is initially available in 40 U.S. states.

The new offering joins a suite of similar products on the market, including those from Ledn, Coinbase, and Nexo Credit Line. Galaxy's expansion into retail crypto lending is part of its broader efforts to provide institutional infrastructure to individual investors.