Galaxy Launches Crypto-Backed Credit Line for Retail Clients

ChainCatcher reports that on August 25, Galaxy launched the GalaxyOne Crypto Portfolio Line of Credit (PLOC) for eligible U.S. customers. Users can borrow cash by pledging BTC, ETH, and SOL (including staked SOL) under a single revolving credit line without selling any crypto assets. The product has no origination fees, offers a variable annual interest rate of 8.99%, and features an initial loan-to-value ratio of 50%, meaning $100,000 in collateral can secure a loan of approximately $50,000. Galaxy states that collateral values are continuously monitored, and users will receive advance warnings if asset values decline; withdrawals are typically processed instantly, and funds can be used within the platform or withdrawn as USD or USDC stablecoins. The pledged crypto assets will not be re-pledged or lent out, and staked SOL continues to earn rewards during the pledge period. Zac Prince, Managing Director of GalaxyOne, said the product leverages Galaxy’s institutional infrastructure to deliver competitive rates, security, and flexibility. The offering is available in 40 states, excluding California, Delaware, Idaho, Indiana, Minnesota, Mississippi, Missouri, Nevada, and South Dakota. This move is seen as an attempt to revive retail crypto lending on a regulated path following the collapses of Celsius, BlockFi, and Voyager in 2022—contrasting sharply with the previous model of freezing customer funds and forced liquidations.