# Expansion of crypto-backed revolving credit lines

> Live situation record from CLSTR: https://clstr.news/situations/expansion-of-crypto-backed-revolving-credit-lines
> Updated: 2026-09-03T20:05:09.000Z. Sources: 9. Developments: 2.

Financial institutions are expanding revolving credit facilities backed by digital assets. In late August 2026, Galaxy Digital introduced a Crypto Portfolio Line of Credit via its GalaxyOne platform in 40 US states. This facility allows clients to borrow against Bitcoin, Ethereum, and Solana, including staked Solana, to access cash or USDC without liquidating holdings.

Following this, Toronto-based APX Lending launched a five-year revolving line of credit for Bitcoin and Ethereum. As a regulated lender approved by Canadian securities regulators, APX Lending offers a facility with no origination, prepayment, or liquidation fees, backed by up to $250 million in collateral insurance.

## Claims

- APX is Canada’s first regulated digital-asset-backed lender. (corroborated by 3 sources)
- The five-year revolving facility allows clients to draw, repay, and redraw credit as needed. (corroborated by 3 sources)
- APX Lending launched a five-year revolving line of credit on September 3. (corroborated by 2 sources)
- The facility carries no origination, prepayment, or liquidation fees. (corroborated by 2 sources)
- The credit line includes up to $250 million in collateral insurance coverage. (corroborated by 2 sources)
- Annual interest rates range from 10.49% to 11.99% based on the outstanding balance. (corroborated by 2 sources)
- Clients can use both Bitcoin and Ethereum together to calculate borrowing capacity. (corroborated by 2 sources)
- The company is registered with FINTRAC and FinCEN. (corroborated by 2 sources)

## Timeline

### 2026-09-03: APX Lending launches Bitcoin and Ethereum revolving credit line

Toronto-based APX Lending has launched a five-year revolving credit line allowing clients to borrow against Bitcoin and Ethereum with no origination or prepayment fees.

3 sources. https://clstr.news/cluster/apx-lending-launches-bitcoin-and-ethereum-revolving-credit-line

### 2026-08-25: Galaxy Digital launches crypto-backed revolving credit line

Galaxy Digital has launched a multi-asset crypto credit line, allowing clients to borrow against Bitcoin, Ethereum, and Solana via a revolving facility with an 8.99% APR.

6 sources. https://clstr.news/cluster/galaxy-digital-launches-crypto-backed-revolving-credit-line

---
Cite as: Expansion of crypto-backed revolving credit lines. CLSTR, https://clstr.news/situations/expansion-of-crypto-backed-revolving-credit-lines