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(NASDAQ: GLXY) has launched a crypto-backed portfolio line of credit on GalaxyOne, allowing eligible U.S. clients to borrow against Bitcoin, Ethereum and Solana without selling their holdings.
The product provides a revolving credit facility that combines these three assets under one loan rather than requiring separate financing for each currency.
The credit line operates with a variable annual percentage rate of 8.99% and no origination fee. Borrowers begin at a 50% loan-to-value ratio and make interest-only monthly payments.
GalaxyOne typically funds these loans instantly, offering proceeds in either U.S.
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