Galaxy Digital unveils crypto credit line with BTC, ETH, SOL

Galaxy Digital's GalaxyOne now offers a credit line for U.S. users, backed by BTC, ETH, and SOL, with 8.99% APR, no fees, and up to 50% LTV, allowing liquidity without selling crypto.

Galaxy Digital has introduced a revolving credit line via its GalaxyOne platform, enabling eligible U.S. users to access instant liquidity in dollars or USDC. Users can leverage Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), including staked SOL, as collateral without selling their assets. The product features an 8.99% annual interest rate, no origination fee, and an initial loan-to-value (LTV) ratio of 50%. It is available in 40 states and ensures that collateral is not rehypothecated, allowing users to maintain crypto market exposure. Notably, staked SOL collateral continues to earn staking rewards. This offering provides a tax-efficient way to access capital and aims to rebuild trust in collateralized lending following past industry challenges. Galaxy is monitoring adoption and considering global expansion.