Borrow against your crypto. Keep your upside.

Access USD liquidity without selling — no taxable event, open terms, and competitive rates.

Your lineIllustrative

$420,000

available against $1,000,000 in BTC collateral

Collateral 15.0 BTC
Taxable event Generally may not be a taxable sale; consult tax adviser.

Try the loan calculator

BTC · ETH Collateral
4.33% APY1 Updated Aug 7, 2026
Up to ~50% Loan-to-value
Open-term No fixed maturity
$0 Prepayment fee

How it works

Liquidity, without letting go.

From collateral to cash — in four steps.

1. Pledge collateral

   Deposit BTC or ETH as collateral for your line.

2. Draw USD

   Borrow up to your loan-to-value limit in dollars.

3. Use the liquidity

   Spend or invest — borrowing isn’t a taxable event.

4. Repay anytime

   Open-term with no prepayment fee; reclaim your collateral.

Sell vs. borrow

Get the cash. Keep the coins.

Illustrative comparison, not tax or investment advice. Loans involve risk, including potential liquidation of collateral. Consult your own advisor.

Loan calculator

See what you could borrow.

Adjust your collateral and LTV. Illustrative only — subject to approval.

Collateral asset

BitcoinEthereum

Collateral value (USD)

$

Loan-to-value: 42%
ConservativeMax ~50%

You could borrow up to

$420,000
against $1,000,000 in BTC

Taxable event None
Term Open

Understand the risk

Assessing the product.

Crypto-backed loans involve risk, including liquidation.

Loans are overcollateralized. Digital-asset prices are volatile; if your collateral’s value falls below required thresholds, you may face a margin call and your collateral may be liquidated — potentially at an unfavorable time. Interest accrues while the loan is outstanding. Nothing here is tax, legal, or investment advice.

FAQ

Questions, answered.

What can I borrow against?
You can pledge Bitcoin (BTC) or Ethereum (ETH) as collateral for a USD loan. Additional assets may be supported over time.

How much can I borrow?
Up to your loan-to-value (LTV) limit — generally around 50% of your collateral’s value. A more conservative starting LTV leaves more buffer against price moves.

What are the fees associated with the loan?
Loan origination has a 1.00% fee on the loan amount.
A 0.20% fee per year is assessed on the loan collateral.
For BTC collateral, there is a wrapping and unwrapping fee of <0.25% that enables the BTC to be deposited into DeFi pools.

What happens if my collateral falls in value?
Loans are overcollateralized. If the collateral value falls below required thresholds you may receive a margin call, and collateral can be liquidated to protect the loan. Maintaining a lower LTV reduces this risk.

Is borrowing a taxable event?
Taking a loan against your crypto is generally not a sale, so it typically does not trigger a taxable event. This is not tax advice — consult your advisor for your situation.

Is there a fixed repayment date?
No. Loans are open-term with no fixed maturity and no prepayment fee. Interest accrues while the loan is outstanding.

Learn more about crypto-backed lending

Perspective Compounding Wealth Scenario: Maximize Yield
Perspective Dollar Yield: Considerations to Get Maximum Return From Cash
Research Report The $124 Trillion Wealth Transfer: Implications for Digital Asset Integration in Wealth Management
Considerations Determining Your Digital Asset Allocation: A Strategic Guide
News Empower wealth management through SMAs as professional investor participation soars
Perspective How to Custody Digital Assets

Access liquidity without selling.

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Loans involve risk including liquidation of collateral. Not tax advice. Registration as an investment adviser does not imply endorsement by the SEC.