Galaxy Digital has introduced a new retail lending product that lets qualifying US clients access cash by pledging their cryptocurrency holdings as collateral without selling the assets. The GalaxyOne Crypto Portfolio Line of Credit accepts bitcoin, ether and Solana, including staked Solana, under one combined revolving arrangement.

Product Structure and Terms

The facility operates as an open-term revolving line rather than a fixed-term loan. Borrowers can draw funds as needed, make interest-only monthly payments and repay or redraw at their discretion. The annual percentage rate is set at 8.99% and is variable, with changes subject to 30-day notice. There is no origination fee at drawdown.

Lines open at a 50% loan-to-value ratio, allowing clients to access up to half the value of eligible collateral at inception. Galaxy continuously monitors collateral values and notifies users before any action on the pledged assets becomes necessary. Funding is typically available within minutes once a line is open, though settlement can occasionally take one to two business days. Drawn amounts may be used inside the GalaxyOne platform or withdrawn as US dollars or USDC.

Collateral Rules and Staking Continuity

Pledged assets are not rehypothecated. Galaxy does not lend or reuse the collateral while it secures the line. Staked Solana remains eligible without the need to unstake, so clients continue to receive applicable staking rewards while the tokens serve as security.

The single-line structure pools bitcoin, ether and Solana into one collateral base. This approach is intended to give borrowers greater flexibility and borrowing capacity than would be available through separate loans for each asset.

Availability and Intended Use

The product is currently offered to eligible GalaxyOne clients in 40 US states. It is not available in California, Delaware, Idaho, Indiana, Minnesota, Mississippi, Missouri, Nevada or South Dakota at launch.

Galaxy positions the line for clients seeking liquidity for taxes, real-estate purchases, home improvements or other expenses while retaining exposure to their digital-asset positions. Because no sale of the underlying cryptocurrency occurs, the arrangement is designed to avoid triggering a taxable event associated with disposing of appreciated holdings.

Place in Galaxy’s Lending Strategy

The retail offering follows Galaxy’s earlier introduction of GOFR, a managed borrowing program aimed at institutional clients. Consumer lending is conducted through GalaxyOne Lending LLC, while related money-transmission services operate under GalaxyOne Prime LLC. Parent company Galaxy Digital Inc. trades on Nasdaq under the ticker GLXY and describes its broader business as connecting institutions to on-chain infrastructure across trading, advisory, asset management, staking and related operations.

The new portfolio credit line extends a similar balance-sheet function to the firm’s retail platform, which already supports management of cash, digital assets, equities and yield products for individuals and small businesses.