Galaxy Digital has launched a new lending product that allows eligible GalaxyOne clients to borrow cash against their crypto holdings without selling them.

"Unlock liquidity. Keep your crypto. GalaxyOne Crypto Portfolio Line of Credit is live. Borrow against your combined $BTC, $ETH, and $SOL portfolio through a single line of credit. No origination fee. 8.99% APR.* Access tax-efficient liquidity without selling your crypto.** pic.twitter.com/UKQFfBXSxG — GalaxyOne (@galaxyoneapp) August 25, 2026"

The product is called the GalaxyOne Crypto Portfolio Line of Credit. It lets clients use Bitcoin, Ether, and Solana, including staked SOL, as collateral through a single revolving credit line. Galaxy said the offering is designed to give investors access to liquidity without triggering a taxable event from selling their assets.

For crypto holders, that structure matters because it gives them a way to tap value from their assets while keeping exposure to the same positions, rather than liquidating them first and repurchasing later. That approach has become a familiar part of the broader digital-asset lending market as firms look to serve users who want cash access without moving out of crypto.

How the product works

Eligible clients can borrow in USD or USDC through the credit line. Galaxy described the funding as instant.

The product charges an annual percentage rate of 8.99% and has no origination fee. Galaxy said it does not rehypothecate the collateral, meaning client assets are not lent out to third parties.

The product is currently available in 40 U.S. states.

What Galaxy said

Zac Prince, managing director of GalaxyOne, said the product is built on Galaxy’s institutional infrastructure. He said it is intended to offer competitive rates, security, and flexibility.

Prince said the product is aimed at investors who want to remain invested in crypto while avoiding the costs and complications associated with selling digital assets.

Galaxy launched GalaxyOne in October 2025 as a unified platform offering crypto and stock trading to users across all U.S. states. Earlier in 2026, Galaxy expanded its lending business with GOFR, a managed lending program for institutions, high-net-worth individuals, and accredited investors.

Competition in the lending market

Galaxy is entering a market with several established competitors.

Coinbase offers a similar crypto-backed borrowing product and advertises rates as low as 5%. Ledn has offered Bitcoin-backed loans in USD and USDC for several years. Nexo also allows users to combine multiple assets, including Bitcoin and Ether, as collateral for a credit line.

Galaxy’s 8.99% APR is above Coinbase’s advertised starting rate, although actual rates can vary depending on the borrower and collateral.

Galaxy said the product is designed to compete on the strength of its institutional backing and the flexibility of combining multiple assets into one revolving line of credit.

Galaxy Digital shares rose 8.54% around the time of the announcement.

The launch reflects growing demand among retail crypto investors for ways to access liquidity without exiting their positions, while also showing how established crypto firms are broadening beyond trading into lending and other financial services.