Institutional Digital Asset Lending
Access liquidity against digital asset holdings without selling the underlying position. We arrange institutional balance-sheet financing secured by assets such as BTC and ETH, with proceeds available in USD, stablecoins or, where supported, other digital assets.
Facilities can be tailored around collateral, liquidity needs and time horizon, with fixed-term and open-term structures available. A diligent underwriting process helps borrowers access competitive LTVs, pricing and repayment terms while retaining exposure to their digital asset holdings.
Institutional lending is not a single product. Different balance-sheet lenders offer different combinations of leverage, tenor, custody, collateral eligibility and repayment flexibility.
We provide a single access point to a wider lending market, helping borrowers compare structures and identify the facility best suited to their objectives. Depending on the transaction, this may include bilateral or tri-party custody, fixed or open terms, collateral top-ups, partial repayments and facility upsizing as collateral values increase.
Tokens supported
Typical LTV ranges
Market access & coverage
Unlock liquidity for working capital, CapEx, acquisitions, treasury needs, refinancing or portfolio management while preserving exposure to the underlying asset. Competitive institutional structures can also provide greater predictability around rates, maturity and collateral management than more automated lending markets.
A broad lender network also creates flexibility around custody and collateral treatment. Depending on the facility, assets may be held with an institutional custodian, within a tri-party arrangement or under another negotiated collateral structure rather than deployed into a managed lending pool.
Borrowers are required to post collateral and remain subject to agreed LTV and margin requirements.
If the value of pledged assets declines, the borrower may be required to add collateral, repay part of the loan or, if contractual thresholds are breached, face liquidation or other default remedies.
Collateral treatment should also be reviewed carefully. Facilities can differ materially in whether assets are segregated, held with a third-party custodian, transferred to the lender or permitted to be rehypothecated. These differences can affect both pricing and counterparty risk.
Final rates, LTV, eligible collateral, tenor and margin thresholds depend on borrower profile, jurisdiction, facility size and prevailing market conditions.
An institution holds $10 million of BTC and requires liquidity for operations without reducing its BTC position.
At an illustrative 60% initial LTV, the borrower pledges the BTC and receives $6 million in gross loan proceeds.
If the facility has a 75% margin-call LTV, a decline in collateral value to $8 million would bring the loan to that threshold. The borrower could restore the agreed collateralization by posting additional collateral or reducing the outstanding principal.
The loan is repaid at maturity or according to the agreed repayment mechanics, after which the collateral is released.
Actual LTVs, rates and margin mechanics vary by lender and structure. Institutional facilities in the supplied materials range from conventional 50–85% LTV margin loans to more specialized higher-LTV structures.