Galaxy Digital has launched a crypto-backed portfolio line of credit that allows eligible GalaxyOne clients to borrow cash against their cryptocurrency holdings without selling.
The GalaxyOne Crypto Portfolio Line of Credit combines eligible assets as collateral, allowing clients to tap liquidity for expenses or investments while remaining invested in crypto.
Eligible clients can borrow against their bitcoin (BTC), ether (ETH) and solana (SOL), including staked SOL, through a single revolving line of credit without selling those assets, thereby enabling tax-efficient liquidity.
The new product is designed for investors who want to remain invested in crypto while "avoiding the burden and hurdles" that come with selling digital assets, according to the firm.
"We're excited to bring a competitive crypto-backed borrowing product to market via our growing retail platform," Zac Prince, managing director of GalaxyOne, said in a press release.
