Galaxy Launches Bitcoin, Ethereum, and Solana Collateralized Credit Services, Expanding Retail Crypto Lending Business

August 26 news, according to The Block, Galaxy Digital's retail platform GalaxyOne has launched a crypto asset portfolio credit line, allowing eligible clients to borrow cash against Bitcoin, Ethereum, and Solana (including staked SOL) as collateral without selling their assets. The product aims to help investors access liquidity without triggering taxable events, combining multiple crypto assets as collateral and providing instant USD or USDC disbursements through a single revolving credit line. The product has no fees, an annual interest rate of 8.99%, does not involve collateral re-staking, and initially covers 40 U.S. states. GalaxyOne Managing Director Zac Prince stated that the product leverages Galaxy's institutional-grade infrastructure, offering competitive rates and flexibility.