Obtaining capital without compromise.
We’re pushing our full-service offering for the cryptocurrency community to the next level. At BankProv, we believe crypto-related businesses should be afforded the same access and right to traditional financing tools. That’s why we’re working alongside some of the most innovative companies to deliver crypto-backed lines of credit to address the market need for accessible USD for crypto-heavy borrowers. BankProv is the first in the industry to extend a line of credit backed by Ether and the Ethereum network.
Institutional Lines of Credit
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.