Galaxy Digital announced the launch of a crypto portfolio line of credit through its GalaxyOne platform, enabling eligible clients to borrow against Bitcoin, Ethereum, and staked Solana without liquidating their holdings. The product, offered through GalaxyOne Lending LLC, targets investors seeking tax-efficient liquidity while maintaining their digital asset exposure.
- Interest Rate: 8.99% APR with no origination fee
- Eligible Collateral: BTC, ETH, and staked SOL through a single revolving line
- Loan-to-Value Ratio: 50% origination LTV
- Availability: 40 U.S. states, excluding California, Delaware, Idaho, Indiana, Minnesota, Mississippi, Missouri, Nevada, and South Dakota
- Funding Timeline: Typically instant; up to 1-2 business days in rare cases
The product differentiates itself by consolidating multiple assets into a single revolving credit line rather than requiring separate loans per asset. Staked Solana can be used as collateral without unstaking, allowing clients to continue earning applicable staking rewards. Galaxy states that pledged collateral is not rehypothecated and remains backed by the company’s institutional infrastructure rather than external DeFi protocols.
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.
– Zac Prince, Managing Director of GalaxyOne
Funds can be deployed for tax obligations, real estate purchases, home improvements, or investment opportunities. Clients receive annual tax forms, and collateral values are monitored continuously with advance notification before any liquidation action. Galaxy Digital Inc. (Nasdaq: GLXY) operates trading, advisory, asset management, and staking services across traditional and digital asset markets, alongside data center infrastructure operations.
Zac Prince, Managing Director of GalaxyOne. Source: LinkedIn
