Galaxy launches 8.99% APR crypto-backed credit line on GalaxyOne

Galaxy Digital launched a crypto-backed credit line on GalaxyOne, letting clients borrow against BTC, ETH and staked SOL at 8.99% APR.

"We're excited to bring a competitive crypto-backed borrowing product to market via our growing retail platform," Zac Prince, managing director of GalaxyOne, said in a press release. "By leveraging Galaxy's institutional infrastructure, we are able to offer competitive rates, security and flexibility with our new crypto portfolio line of credit product."

The revolving line carries no origination fee, a 50% loan-to-value ratio and interest-only monthly payments, with funding typically available instantly in USD or USDC. Pledged collateral is not rehypothecated, meaning Galaxy does not lend or reuse the assets while they back the loan. The product is initially available in 40 U.S. states, excluding California, Delaware, Idaho, Indiana, Minnesota, Mississippi, Missouri, Nevada and South Dakota.

The launch extends Galaxy's institutional lending infrastructure to retail clients, joining a competitive field that includes Ledn's bitcoin-backed loans, Coinbase's borrowing product with rates as low as 5 percent, and Nexo's credit lines. Galaxy stock rose 7.53 percent to $24.11 following the announcement.

The GalaxyOne Crypto Portfolio Line of Credit combines eligible BTC, ETH and SOL holdings into a single facility rather than requiring separate loans per asset. Staked SOL can be used as collateral without unstaking, allowing clients to continue earning applicable staking rewards while accessing liquidity. Funds can be used for tax obligations, real estate purchases, home improvements or investment opportunities.

Galaxy launched GalaxyOne in October 2025 as a unified platform offering crypto and stock trading to users across all U.S. states. Earlier this year, the firm introduced GOFR, a managed lending program for institutions, high-net-worth individuals and accredited investors that blends rates from Aave, Morpho and other DeFi protocols. The new portfolio line of credit brings a similar balance-sheet function to GalaxyOne's retail audience.

Consumer lending products are offered by GalaxyOne Lending LLC (NMLS ID: 2741667). The variable APR is subject to change with 30-day notice, and rates in select states may be lower. Collateral remains subject to market fluctuations and liquidation risk, with GalaxyOne monitoring collateral values continuously and notifying clients before any collateral action is required.

This article is for informational purposes only and does not constitute investment advice.