Galaxy Opens Retail Crypto-Backed Credit Lines on Bitcoin, Ethereum and Solana

In brief

• Galaxy launched the GalaxyOne Crypto Portfolio Line of Credit (PLOC) on August 25 for eligible U.S. clients.
• The revolving line has no origination fee and a variable 8.99% APR, with a 50% loan-to-value ratio.
• It's live in 40 states; pledged BTC, ETH, and SOL aren't rehypothecated, the company says.

Galaxy opened retail crypto-backed credit lines on Tuesday. Eligible clients on its GalaxyOne platform can now borrow cash against Bitcoin, Ethereum, and Solana—staked SOL included—without selling a single coin.

The product, the Crypto Portfolio Line of Credit (PLOC), invites users to pledge BTC, ETH, and SOL inside one revolving line instead of taking a separate loan per asset. Galaxy sets a variable annual percentage rate of 8.99% and a 50% origination loan-to-value ratio: a $100,000 book backs about $50,000 in borrowing.

Collateral values are watched continuously. If your assets slip, GalaxyOne says it warns you before any collateral action. Draws usually fund instantly, and you can spend the cash on-platform or pull it as USD or USDC stablecoins.

The pledged crypto isn't rehypothecated — Galaxy doesn't lend it out or reuse it while it backs your line. Staked SOL keeps earning rewards without unstaking.