Galaxy Launches Retail Credit Lines Backed by BTC, ETH and SOL

Crypto-backed lending lets investors unlock cash without selling assets, preserving market exposure and potentially avoiding an immediate taxable sale. But the model remains shadowed by the 2022 failures of Celsius, BlockFi and Voyager, which exposed leverage, custody and liquidation risks. Galaxy Digital is using GalaxyOne to bring its institutional infrastructure to eligible retail clients, testing whether a more tightly controlled structure can rebuild trust in consumer crypto credit.

On August 25, 2026, Galaxy launched the GalaxyOne Crypto Portfolio Line of Credit, allowing eligible clients to pledge BTC, ETH, SOL and staked SOL under one revolving facility. The line carries a variable 8.99% APR, no origination fee and a 50% initial loan-to-value ratio. Minimum loans are $10,000 in most states, while credit is capped at $2 million. Galaxy says collateral is not rehypothecated; funds are generally available instantly and may be withdrawn in U.S. dollars or USDC.