GalaxyOne launches crypto-asset portfolio credit line, supporting Bitcoin, Ethereum, and Solana as collateral for cash borrowing

Odaily Planet Daily News Galaxy Digital's retail platform GalaxyOne has launched a crypto-asset portfolio credit line, allowing qualified customers to borrow cash using Bitcoin, Ethereum, Solana, and staked SOL as collateral without selling their assets. This product supports combining multiple crypto assets as collateral, offering loans in USD or USDC through a single revolving credit line, with no fees and an annual interest rate of 8.99%. It does not involve collateral re-staking and initially covers 40 U.S. states. GalaxyOne Managing Director Zac Prince stated that this product leverages Galaxy's institutional-grade infrastructure.