Galaxy Digital launched a new crypto loans product on August 25, 2026, letting eligible GalaxyOne clients borrow cash against Bitcoin, Ethereum and staked Solana without selling their holdings.
The GalaxyOne Crypto Portfolio Line of Credit carries an 8.99% variable APR and no origination fee, according to the company. Zac Prince, Managing Director of GalaxyOne, said the product gives retail clients a competitive way to access liquidity while staying invested in crypto.
Galaxy Combines BTC, ETH and SOL Into One Credit Line
The Crypto Portfolio Line of Credit, announced Tuesday, pools Bitcoin, Ethereum and staked Solana into a single revolving credit line instead of requiring a separate loan for each asset. Staked SOL can back the line without unstaking, so borrowers keep earning applicable rewards while their tokens sit as collateral.
The line opens at a 50% loan-to-value ratio, and Galaxy says pledged collateral is not rehypothecated, meaning it is not lent out or reused elsewhere while it secures the loan.
Funding is typically available right away once a line is approved, and clients can draw funds in USD or USDC or spend directly on the GalaxyOne platform. The product is live in 40 U.S. states, though it remains unavailable for now in California, Delaware, Idaho, Indiana, Minnesota, Mississippi, Missouri, Nevada and South Dakota.
What It Means for Bitcoin, Ether and Solana Holders
For crypto holders who want cash without triggering a taxable sale, GalaxyOne’s line offers an alternative to unwinding Bitcoin, Ether or Solana positions during a rally or a downturn.
Anyone weighing this against other options can compare loan-to-value ratios and rates in our guide to the best crypto lending platforms of 2026, since GalaxyOne’s 50% opening LTV and 8.99% APR sit close to the middle of what competitors currently charge.
Why Galaxy’s Loan Volumes Will Test Crypto Lending’s Rebound
Crypto-collateralized lending industrywide fell 5.1% in the first quarter of 2026, to $67.42 billion, according to Galaxy Research’s Q1 2026 crypto leverage report, as two nine-figure DeFi exploits and falling asset prices pushed borrowers to deleverage.
Whether GalaxyOne’s new line pulls meaningful volume will be an early signal of whether retail demand for crypto-backed credit is recovering alongside that broader contraction. Investors watching how rivals respond can check our latest crypto news, where any competing rate cuts from other lenders will likely surface first.
What this means for you: If you already hold Bitcoin, Ethereum or Solana, this new line lets you borrow against those coins instead of selling them, though the 8.99% variable rate and liquidation risk mean it is worth comparing GalaxyOne’s terms against other lenders before signing up.
This article is for informational purposes only and does not constitute financial advice. Do your own research before making any investment decisions.
