Crypto Backed Loans
Obtaining capital without compromise.
Institutional Lines of Credit and Access to USD
We’re pushing our full-service offering for the cryptocurrency community to the next level. We believe crypto-related businesses should be afforded the same access and right to traditional financing tools. At BankProv, we’re working alongside some of the most innovative companies to deliver crypto backed loans to address the market need for accessible USD for crypto-heavy borrowers. Get access to secure funding backed by Ether or Bitcoin to provide expansion on your business’ operations through our specialty lending solutions.
How does a crypto-backed loan work?
For several years, BankProv has been focused on understanding and listening to the needs of our community. We’ve partnered with some of the top digital asset companies to offer crypto-backed lending options, allowing their investors to meet their USD needs without liquidating their holdings.
A crypto-backed line of credit is an asset-based facility with availability under the line directly related to the dollar value of the cryptocurrency that is pledged as collateral. Similar to how a traditional loan provides financing to support a company’s upcoming initiatives or growth plans, BankProv’s line of credits support our clients’ needs for funding their operations.
To ensure the safety and soundness of our financial institution, BankProv has chosen to work with partners that have world class collateral management technology and underwriting standards, and is proud to be providing debt facilities that will help increase the widespread adoption of this asset class.