Bitcoin Line of Credit Now Available on Shakepay

Shakepay has launched BLOC, a bitcoin-backed line of credit that lets Canadians borrow against their bitcoin without selling it. The product is offered through Shakepay Credit Inc., a FINTRAC-registered entity. The Ontario Securities Commission's (OSC) latest research found that 25% of Canadians now own crypto assets, up from 10% in 2023. As ownership grows, so does the conversation around what Canadians can actually do with those assets beyond buying and selling. 🔗 https://lnkd.in/gHnKs8Nu

Eligible customers can access BLOC within Shakepay and track their available credit, payments, collateral, and loan-to-value ratio in one place. Credit availability, borrowing limits, pricing, and collateral requirements are determined by eligibility and applicable product terms. Your credit limit depends on the amount of bitcoin you pledge as collateral, the CAD value of that bitcoin, your LTV, and any product limits that apply. The Shakepay app will show the minimum and maximum amounts available to you before you open your line of credit or draw funds. Earlier this week, Shakepay launched savings accounts, giving customers a new way to earn interest on cash, paid weekly in bitcoin, with a 5% promotional rate for Shakepay Blue customers. FAQs: https://lnkd.in/g_sfyFJY CIRO / OCRI Canadian Securities Administrators (CSA) - Autorités canadiennes en valeurs mobilières (ACVM) Ontario Securities Commission Financial Services Regulatory Authority of Ontario (FSRA) Office of the Superintendent of Financial Institutions Canada Bank of Canada Canadian Bitcoin Consortium Bitcoin Security Consortium Emerald Future Blockchain Summit Consensus by CoinDesk https://lnkd.in/gW3fQQWD

Shakepay has launched BLOC, a Bitcoin-backed Line of Credit that allows Canadian users to borrow cash against their bitcoin holdings without needing to sell their assets. “Canadians who hold bitcoin shouldn’t have to choose between their long-term conviction and the short-term opportunities they want to pursue,” said Jean Amiouny, CEO of Shakepay. “You shouldn’t have to sell what you’ve worked to build to fund what comes next. BLOC gives eligible customers another option: access to liquidity while continuing to hold their bitcoin.” Read more by clicking the link https://lnkd.in/gHnKs8Nu Blockchain Insurance Inc. Carlo Campisi

What Is FPSL In Crypto? Fully Paid Securities Lending Explained Fully Paid Securities Lending, usually shortened to FPSL, is a traditional stock-lending structure that is now appearing inside crypto-native investing platforms. It does not mean staking Bitcoin, lending Ethereum, or supplying stablecoins to a DeFi pool. It means lending fully paid securities, such as stocks or ETFs, that a user already owns through a broker-linked account. https://lnkd.in/dUKhMKBi

Galaxy Digital has introduced a crypto-backed portfolio line of credit for eligible GalaxyOne clients, allowing them to borrow cash against their Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) holdings without selling their assets. The move, reported by The Block, marks a strategic expansion of Galaxy's lending services within its prime brokerage platform. #BITCOIN #CryptoLending #ETHEREUM #GalaxyDigital #GalaxyOne #Solana

Metaplanet, the Japan-based Bitcoin treasury company, has transferred 1,000 BTC to Coinbase Prime, according to a report from Bitcoin News. The move, which represents a significant portion of the company's holdings, has sparked speculation about potential selling. #BITCOIN #CoinbasePrime #Institutional #Metaplanet #Treasury

JPMorgan's tokenized U.S. Treasury product has nearly tripled in size over the past three months, reaching $884.6 million in assets, according to data from Crypto Briefing. The flagship funds, JLTXX and MONY, operate on Ethereum and now hold a combined $900 million, reflecting accelerating institutional adoption of blockchain-based financial instruments. #BLOCKCHAIN #InstitutionalFinance #JPMorgan #tokenizedassets #USTreasuries

Metaplanet, a Japan-listed company known for its Bitcoin treasury strategy, reported a first-half valuation loss of 184.297 billion yen (approximately $1.1 billion) on its Bitcoin holdings. The loss is primarily an accounting adjustment tied to temporary price fluctuations, the company said. #BitBonds #BITCOIN #CorporateTreasury #JAPAN #Metaplanet

Three companies made money from crypto this week without taking a position in it. BitGo bought a trading desk, Standard Chartered moved $11 billion a month in tokenized deposits, and Coinbase turned crypto holdings into a mortgage down payment. That is today's Kaupr Daily. ♦ BitGo buys NYDIG's trading desk, its first move since listing ♦ Standard Chartered is moving $11 billion a month in tokenized deposits ♦ Coinbase and Better Mortgage let borrowers pledge crypto instead of selling ♦ NBX registers a Riga subsidiary in its bid to become a bank ♦ The Nordics are weighing one stock exchange instead of four The recording from yesterday's second pre-event ahead of FIRSTBLOCK-ATHON is also up, with new problem statements from the partners. #Onchain #Fintech #Tokenization #Bitcoin https://lnkd.in/e5zaCRBz

Accessing liquidity no longer has to begin with selling your crypto. 💸 VALR has launched Borrow, a new product that enables retail and corporate users to access funds against supported crypto holdings. Funds are credited directly to the user’s VALR account and can be traded, converted to fiat, withdrawn, or spent through VALR Pay. 💳 The launch reflects a broader shift in the role of crypto exchanges. Users increasingly expect platforms to support more than buying and selling: they want practical tools for managing liquidity, payments and longer-term asset strategies within one financial environment. Borrowing against crypto carries collateral, interest-rate and liquidation risks, but products like Borrow show how digital-asset platforms are building more flexible connections between crypto ownership and everyday financial needs. Read the full #Unchained article below ⬇︎ https://lnkd.in/dbNfpjRA