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Loan to value

The one number that drives everything

Loan to value is the size of your facility divided by the market value of the collateral. A lower ratio means a lower rate and much more room before a margin call.

Comfortable

Up to 50 percent

Best pricing. A five hundred thousand dollar facility against a million dollars of collateral.

Standard

50 to 65 percent

Accepted with a slightly higher rate. Watch the market and keep a top up ready.

Margin call

At 75 percent

You have 48 hours to add collateral or repay part of the balance before any sale.

Worked example

CollateralMarket valueFacilityRatioRateRoom before a call
15 BTC$960,000$400,00041.7 percent6.9 percent44 percent fall
425 ETH$1,963,500$750,00038.2 percent7.4 percent49 percent fall
1,200,000 USDC$1,200,000$720,00060.0 percent9.8 percentStable asset

Figures are illustrative. Your rate is confirmed after the collateral is verified in custody.

Custody and controls

Where your collateral actually sits

Collateral is transferred to a segregated address held by our qualified custody partner for the life of the facility. It is never lent out, never rehypothecated, and it is returned in full the day the balance clears.

  • Segregated address per customer, with the address shown in your dashboard
  • Daily valuation, and an alert the moment your ratio crosses seventy percent
  • Forty eight hours to cure a margin call before any collateral is sold
  • Partial release once your ratio falls below thirty five percent
  • Full release on settlement, usually within one business day

Assets we accept

Bitcoin BTC65 percent maximum
Ether ETH65 percent maximum
USD Coin USDC80 percent maximum
Tether USDT80 percent maximum
Solana SOL50 percent maximum
Digital asset prices move. If the market falls far enough and a call is not cured, collateral is sold to protect the facility. Borrow well inside your comfort level.