Loans

Loans

Finance

Sovcombank says it's the first Russian bank to offer bitcoin-backed loans to public

Larger rival Sberbank beat Sovcombank to the punch, but it's still running as a pilot program.

Sovcombank office in a historic building in Vyborg. (Vesan99-Wikimedia Commons/Modified by CoinDesk)

Finance

Sberbank issues Russia's first crypto-backed loan to bitcoin miner Intelion Data

Sberbank used its in-house crypto custody tool to back a loan for mining firm Intelion Data, signaling broader interest in crypto lending.

Sberbank branch in Brno (Perituss/Wikimedia Commons)

Finance

PayPal to use PYUSD stablecoin to fund AI infrastructure through USD.AI

The move links PayPal’s dollar-pegged token to onchain funding for GPUs and data centers, supported by a $1 billion customer incentive program.

PayPal logo on iphone screen (Marques Thomas/Unsplash)

Markets

KindlyMD Turns to Kraken as Fourth Provider for Bitcoin-Backed $210M Loan at 8%

An SEC filing shows the Kraken facility will be used to retire an outstanding Antalpha loan and requires significant bitcoin collateral.

NAKA (TradingView)

Finance

ETHZilla Buys 20% of AI Lending Platform Karus in $10M Deal to Tokenize Auto Loans

The companies plan to tokenize auto loans, with the first portfolios expected to be available by early 2026.

Car dealership (Crosby Hinze/Unsplash/Modified by CoinDesk)

Markets

Metaplanet Draws $130M for Further Bitcoin Acquisitions Under Credit Facility

The Japanese company executed new borrowing as part of its expanding bitcoin focused funding strategy.

Metaplanet Share Price (TradingView)

Tech

Aethir and Credible Introduce DePIN-Powered Credit Card

The move is designed to give Aethir’s native ATH token holders and node operators access to stablecoin credit without liquidating their tokens

Headshot of Aethir CEO and co-founder Mark Rydon (Aethir)

Finance

Bitcoin Treasury Corporation Acquires 292 BTC, Prepares for Toronto Trading Debut

Canadian public firm begins trading, commits to bitcoin-backed institutional services.

Toronto skyline

Finance

Onramp and Arch Launch Bitcoin-Backed Lending Service

The new lending product allows Bitcoin holders to access liquidity without selling their assets.

CoinDesk

Finance

Metaplanet Arranges Loan to Buy $6.8M of BTC

The Japanese company announced its plan to adopt bitcoin as a reserve asset to hedge against the volatility of the yen in May.

Tokyo, Japan (Ryo Yoshitake/Unsplash)