Catenaa, Sunday, September 13, 2026-BTCLOAN announced Friday from Dubai that it launched a global marketplace connecting cryptocurrency holders with third-party lenders offering loans secured by digital assets.
The platform does not lend directly. It aggregates competing quotes and allows borrowers to select an offer from participating counterparties.
BTCLOAN said applications are available outside sanctioned jurisdictions, subject to identity and business verification. Individual lenders can impose additional eligibility and compliance requirements.
Loans may be paid in U.S. dollars or Tether’s USDT stablecoin. Accepted collateral includes bitcoin, ether, XRP, SOL, XAUT, XDC, HYPE and DEXE.
Standard loan-to-value ratios range from 65% to 70%, according to the announcement. Higher ratios let customers borrow more but leave less protection against falling collateral prices.
BTCLOAN said returning borrowers may receive better terms through a risk profile based on repayment history, onchain activity and collateral health.
The company named Tether, Galaxy, Cantor, Arch Lending, Lendary Asia, Antalpha and EquitiesFirst as launch partners.
The announcement included no statements from those firms. Catenaa could not independently confirm their roles through corresponding announcements from the named companies.
BTCLOAN also claimed it had facilitated more than $200 million in earlier Bitcoin-backed loans. It did not disclose the measurement period, borrower count or independently audited data supporting that figure.
The company advertises proof-of-reserves, third-party custody and automated margin alerts. Its announcement did not identify the custodian or link to a reserve attestation.
An earlier version of the company’s release said BTCLOAN is not a lender, licensed financial institution or investment adviser. It described participating lenders as independent entities operating under their own regulatory frameworks.
BTCLOAN’s terms state that third parties control loan approval, pricing, servicing, custody and compliance requirements.
Borrowers therefore face counterparty and liquidation risks tied to the lender they select. Availability, interest rates, repayment terms and collateral thresholds can also differ by jurisdiction.
