**Unchained Achieves Over $1 Billion in Bitcoin-Backed Loans**
Unchained, a leader in bitcoin-native financial services, has announced a significant milestone, surpassing $1 billion in bitcoin-backed loan originations. This achievement comes after issuing over 4,000 loans and maintaining a solid nine-year track record, setting a new benchmark for transparency and security in the Bitcoin lending space.
“Hitting $1 billion in originations is a milestone, but the bigger story is how we got here: nine years, full transparency to our borrowers, and no smoke and mirrors,” stated Joe Kelly, co-founder and CEO of Unchained. “While others talk about trust, we offer proof. Clients hold a key, verify their collateral on-chain, and know their bitcoin is securely handled. That’s how lending should work, and it’s a proven approach serious bitcoin holders can rely on.”
According to HFT Market Intelligence, the bitcoin-backed lending market is expected to grow by over 430% by 2030, with lending models that emphasize transparency and client control gaining traction. Unchained’s approach avoids rehypothecation, ensuring that client collateral is not reused or moved without explicit permission.
“Bitcoin-backed lending is a fantastic business squarely aligned with the needs of long-term bitcoin holders,” remarked Jon Melton, Head of Lending at Unchained. “Our commitment to non-rehypothecation and transparency is invaluable to our clients who need to understand the risks of borrowing against bitcoin. When clients pledge their bitcoin, they need to trust their lender. Our product design and growing track record provide a sound basis for that trust.”
The company employs a 2-of-3 multisignature vault structure, allowing borrowers to retain one key and verify their collateral directly on-chain. In addition to reaching the $1 billion milestone, Unchained has also reduced its annual percentage rates (APRs) on loans, aiming to make borrowing more competitive while maintaining its custody approach.
“As the market for bitcoin financial products expands, and scrutiny around custody and rehypothecation deepens, Unchained’s transparent, client-empowered model remains the most secure and verifiable approach to bitcoin-backed credit,” the company emphasized.
In conclusion, Unchained’s achievement of surpassing $1 billion in bitcoin-backed loan originations not only highlights its growth but also reinforces its commitment to transparency and security in the evolving landscape of bitcoin lending.
**FAQ**
**What is bitcoin-backed lending?**
Bitcoin-backed lending allows individuals to borrow funds using their bitcoin as collateral, providing a way to access liquidity without selling their assets.
