Woofun AI reports that CRYL has introduced Bitcoin-backed loans for individuals and businesses, establishing a new liquidity channel in the Japanese market. This product allows users to access capital without selling their crypto assets, positioning itself as a strategic alternative to forced liquidation.

The loan facility offers limits up to ¥1 billion, equivalent to $6.2 million, with minimum access starting at $6,200. Interest rates are structured between 3.5% and 7%, while loan-to-value ratios range from 40% to 60% over a one-year term. Borrowers can utilize these funds for tax payments, working capital, or property acquisition, effectively bridging the gap between holding and liquidating Bitcoin positions.

Credit assessment for these loans is limited exclusively to BTC holdings, ignoring traditional credit metrics.

Structurally, CRYL is a subsidiary of Fintertech, which is 80% owned by Daiwa Securities Group and 20% by Credit Saison.

Woofun AI data shows this offering surpasses competitor Metaplanet’s Bitcoin- or Ethereum-backed loans of up to $3 million, which have a minimum entry of ¥5 million ($31,000). Other entities like Securities JPYC and Progmat are also active in this space.

The industry continues to explore the use of BTC as collateral or a credit enhancement mechanism for broader financial products.

However, no decision has yet been made regarding issuance of such instruments by major traditional banks, leaving room for specialized fintech players to dominate this niche.