Galaxy Digital Launches Crypto-Backed Credit Line for BTC, ETH, SOL

Galaxy Digital has launched a new lending product that allows eligible clients to borrow cash against their cryptocurrency holdings without selling them, marking a significant move in the institutional crypto credit market. The GalaxyOne Crypto Portfolio Line of Credit, announced on August 25, 2026, enables users to pledge Bitcoin, Ethereum, and Solana, including staked SOL, as collateral through a single revolving line of credit.

The product is available to eligible clients on the GalaxyOne platform in 40 U.S. states. It features a variable annual percentage rate of 8.99% with no origination fee and a 50% loan-to-value ratio. According to the company, draws typically fund instantly in USD or USDC stablecoins. A key feature emphasized by Galaxy is that client collateral is not rehypothecated, meaning the pledged assets are not lent out or reused by the firm while securing the line. Furthermore, staked SOL continues to earn rewards without requiring the borrower to unstake it.

Zac Prince, Managing Director of GalaxyOne, stated that the product leverages Galaxy's institutional infrastructure to offer competitive rates, security, and flexibility. The launch represents a strategic...