Galaxy Launches Crypto-Backed Revolving Credit Facility Supporting BTC, ETH, SOL

According to The Block, Galaxy has launched a portfolio credit product collateralized by crypto assets, allowing eligible GalaxyOne clients to borrow cash using BTC, ETH, and SOL as collateral without selling their holdings. The revolving credit facility uses a portfolio of qualified assets as collateral, enabling clients to access liquidity for daily expenses or investment needs while continuing to hold their crypto assets.