Twenty One Capital plans Bitcoin-backed USD loans amid growing crypto lending
- Twenty One Capital is exploring issuing US dollar loans backed by Bitcoin collateral.
- The company has increased its Bitcoin holdings to at least 43,500 BTC, valued at approximately $5.13 billion.
- Recently, Twenty One Capital acquired about 5,800 BTC from Tether.
- The firm aims to establish one of the largest Bitcoin treasuries and is backed by Cantor Fitzgerald, Tether, Bitfinex, and SoftBank.
- JPMorgan Chase is reportedly considering lending against crypto assets like Bitcoin and Ether by as early as 2026.
As traditional finance increasingly integrates with digital assets, firms are shifting from merely holding cryptocurrencies to utilizing them for generating yield through loans and staking strategies. The rise in DeFi lending has also reached an all-time high of $70 billion locked last quarter.
With over $5 billion in Bitcoin holdings, Twenty One Capital’s strategy reflects a broader trend of leveraging digital assets for financial operations.(Source)
