The profile of borrowers has evolved since Unchained launched, expanding beyond early tech adopters to a broader range of professional classes, including doctors, lawyers and dentists. To meet changing client needs, Unchained has introduced financial services such as tax advising, estate planning and Bitcoin-backed IRAs.
The Bitcoin lending renaissance
The profile of borrowers has evolved since Unchained launched, expanding beyond early tech adopters to a broader range of professional classes, including doctors, lawyers and dentists. To meet changing client needs, Unchained has…
Silicon Valley Bank
Publisher
Oct 28, 2026 at 4:18 AM UTC · Updated 20時間前 · 5 分で読める

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bitcoin
Last Updated
20時間前
As of June 2026, the company's website disclosed that loans start at $150,000 and carry a 14%-16% APR, with borrowers using funds for purposes ranging from real estate to business investments. Clients take out money to buy property or make an investment. A cabinet maker bought new tools and retrofitted his garage. Another client bought an airplane. All clients value the security of their Bitcoin. Unchained has also seen increased onboarding following the failures of earlier crypto lenders such as BlockFi and Celsius, reflecting continued demand for Bitcoin-backed liquidity solutions.
Why Bitcoin loans cost more (for now)
One thing Ledn, Unchained and their peers share is cost. Bitcoin-backed loans currently carry higher interest rates higher than what a borrower would typically pay against a home or a stock portfolio. The credit spread premium reflects several realities. Bitcoin's price volatility demands continuous monitoring that traditional lenders don't need. Additionally, the market has not yet attracted enough competing capital to compress margins.
Market Context
Bitcoin
BTC
$79,725
-1.37% (24H)
Market Cap
$1.61T
Circulating Supply
20.1M BTC
24H Volume
$26.0B
24H High
$81,709
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