Topic
Loans secured by cryptocurrency holdings that the borrower pledges as collateral.
Jeonbuk Bank has lent won to a corporate borrower against Bitcoin held by a registered custodian, a bank official confirmed to IT Chosun. Without a published loan-to-value limit or margin trigger, its resilience to a price fall cannot be checked from outside.
Reality
OKX has launched open-ended USDC loans in Europe at about 2% a year, lending up to 80% of the value of the crypto customers pledge. That interest is small beside the risk to the collateral, which OKX's own terms place outside MiCA's client-asset safeguards.
Reality
Ledger now offers USDC and USDT loans against cbBTC or wBTC through Morpho to a wallet base it says secures almost 30% of retail bitcoin. Borrowers keep their keys but pay a rate set by pool demand and carry the liquidation risk themselves.
Reality
Riot Platforms repaid its $200 million Coinbase Credit loan early, freeing 5,821 bitcoin, about 51% of its holdings, from collateral. Skipping seven months of 6.15% interest saves about $7 million and leaves its bitcoin unpledged while it expands data centers for AI tenants.
Reality
Sber says it will take USDT and Ether as loan collateral once the Bank of Russia permits public trading, which means the menu is set by the listing tests the central bank published on 11 August, not by the bank's appetite.
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