Galaxy Unveils Crypto Portfolio Line of Credit for BTC, ETH, and SOL

Galaxy, a company known for its digital asset platform, has introduced a new product that allows eligible clients to borrow cash against their Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) holdings without selling them. The Crypto Portfolio Line of Credit (PLOC) is available on the GalaxyOne platform.

The PLOC invites users to pledge multiple assets inside one revolving line instead of taking separate loans per asset. This means clients can borrow against their entire portfolio rather than individual assets, making it easier to access cash when needed.

Galaxy sets a variable annual percentage rate (APR) of 8.99% and a 50% origination loan-to-value ratio. For example, if a client wants to borrow $100,000, they would need to pledge at least $200,000 worth of eligible assets.