GalaxyOne launches multi-asset crypto credit line
GalaxyOne is expanding its retail financial platform with a new crypto portfolio line of credit that lets investors borrow cash against Bitcoin, Ethereum and Solana without selling their holdings.
The product allows eligible customers to use multiple crypto assets as collateral, rather than taking out separate loans against individual tokens.
“What this product enables folks to do is borrow cash using their spot crypto holdings as collateral,” Galaxy One Managing Director Zac Prince said in an interview with TheStreet Roundtable’s Alp Gasimov.
Prince said the product is designed for investors who want access to liquidity while maintaining exposure to their crypto holdings.
One credit line across multiple crypto assets
GalaxyOne launched its retail investing app in October 2025. The platform already offers checking, brokerage, crypto trading and transfers, alongside a premium yield product for accredited investors.
Prince described the new credit line as the first multi-collateral borrowing product of its kind in crypto.
Customers can borrow at an initial loan-to-value ratio of up to 50%, with variable annual percentage rates starting at 8.99%. Loans through the retail product can reach $2 million, according to Prince.
For example, an investor with $100,000 in eligible crypto collateral could borrow as much as $50,000.
The product also allows users to earn staking rewards on Solana while it is pledged as collateral, with staked Ethereum support planned.
Prince warns borrowers to watch liquidation risk
Crypto’s volatility means borrowing against digital assets carries liquidation risk. Prince said GalaxyOne may sell collateral when a borrower reaches a 75% loan-to-value ratio.
“The best thing folks can do is be conservative with their borrowing,” Prince said.
He added that customers do not need to borrow the maximum amount available and can maintain other assets on GalaxyOne that could be quickly accessed if crypto markets move sharply.
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Prince said GalaxyOne also built safeguards intended to prevent liquidations caused by brief flash crashes or price movements isolated to a single trading venue.
GalaxyOne takes aim at DeFi lending risks
Prince also positioned the product as an alternative to DeFi lending.
DeFi, or decentralized finance, allows users to access financial services through blockchain-based applications rather than traditional financial companies.
Prince pointed to hacks, liquidity problems and rapidly changing borrowing costs that have affected some DeFi protocols.
Another key difference, he said, is that GalaxyOne will not rehypothecate customer collateral, meaning pledged assets will not be lent out again.
“I think that's the biggest point. Collateral is not rehypothecated,” Prince said.
He contrasted that model with crypto lenders that collapsed in 2022.
“They’re not relent, they’re just sitting in secure custody with us,” Prince said.
GalaxyOne ultimately wants to offer tools covering both sides of a customer’s balance sheet, Prince said, with similar borrowing products for other asset categories, including brokerage accounts, planned for the future.
To learn more and see terms visit GalaxyOne.
Disclaimer: This article is for informational purposes only and does not constitute financial, investment, insurance, or legal advice. Readers should do their own research and consult a qualified professional before making any decisions.
This story was originally published by TheStreet on Sep 21, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
