Japanese lender CRYL launched Bitcoin-backed loans of up to 1 billion yen, or approximately $6.2 million, allowing individuals and businesses to access fiat currency without selling their BTC holdings. The product provides borrowers access to funds between $6,200 and $6.2 million at annual interest rates ranging from 3.5% to 7%, with loan terms of one year and collateral ratios of 40% to 60%. The launch adds a regulated option to Japan's crypto-backed financing market, where Fintertech, a joint venture between Daiwa Securities Group and Credit Saison, has offered similar services since 2020.
CRYL Offers Bitcoin-Backed Loans With Specified Terms and Use Cases
The loan product allows borrowers to access between $6,200 and $6.2 million at annual interest rates of 3.5% to 7%. The loans run for one year and carry collateral ratios of 40% to 60%. Borrowers can use the funds for expenses including taxes, business funding, and property purchases.
The service provides Bitcoin holders a way to access liquidity while maintaining ownership of their BTC. The collateral is limited to Bitcoin only. Most loans use a lump-sum repayment structure, with principal and interest due after one year.
Fintertech Provides Competing Service With Different Parameters
Fintertech, a joint venture between Daiwa Securities Group and Credit Saison, launched a crypto-backed lending service in 2020. The company currently lends against Bitcoin or Ether.
Fintertech's website lists loans for individuals and businesses with annual rates of 4% to 8%, a 50% collateral ratio, and a minimum borrowing amount of 5 million yen, or approximately $31,000. Its maximum loan size is currently around $3 million.
CRYL's product differs in two ways. It advertises a higher loan ceiling and a lower minimum borrowing amount. It limits collateral to Bitcoin, while Fintertech accepts Bitcoin or Ether.
In October 2025, Daiwa Securities began introducing customers at branches across Japan to Fintertech's digital asset-backed loans.
Borrowers Face Collateral Risk and Repayment Structure Requirements
Borrowers must undergo screening. Most loans use a lump-sum repayment structure, with principal and interest due after one year.
With loans set against 40% to 60% collateral ratios, borrowers do not receive the full market value of their Bitcoin in cash. If Bitcoin falls during the loan term, borrowers may face pressure to add collateral or risk liquidation, depending on the loan terms.
Japan's Crypto Lending Market Includes Multiple Licensed Providers
Metaplanet Securities, yen stablecoin issuer JPYC, and tokenization infrastructure provider Progmat announced research into using BTC as collateral or credit enhancement for digital corporate bonds and other blockchain-based credit instruments. No issuance has been decided, and the initiative remains in the research phase.
FAQ
What loan amounts does CRYL offer for Bitcoin-backed lending?
CRYL offers Bitcoin-backed loans ranging from $6,200 to $6.2 million (1 billion yen) at annual interest rates of 3.5% to 7%, with one-year terms and collateral ratios of 40% to 60%.
How does CRYL's Bitcoin lending product compare with Fintertech's service?
CRYL offers a higher maximum loan amount ($6.2 million versus Fintertech's $3 million) and a lower minimum ($6,200 versus Fintertech's $31,000). CRYL accepts only Bitcoin as collateral, while Fintertech accepts Bitcoin or Ether. Fintertech charges 4% to 8% annual rates with a 50% collateral ratio.
