Xapo Bank通過推出比特幣支持的貸款來押注加密貸款復興

該公司在3月18日與Cointelegraph的公告中表示，合格的Xapo銀行客戶現在可以訪問最高100萬美元的比特幣（BTC）貸款。

Xapo Bank, a global cryptocurrency-friendly bank headquartered in Gibraltar, is launching Bitcoin-backed US dollar loans as it capitalizes on the purported revival of crypto lending.

Xapo Bank是一家總部位於直布羅陀的全球加密貨幣友好銀行，它正在發行以比特幣支持的美元貸款，因為它利用了據稱的加密貸款復興。

Qualifying Xapo Bank clients can now access Bitcoin (BTC) loans of up to $1 million, the firm said in an announcement shared with Cointelegraph on March 18.

該公司在3月18日與Cointelegraph的公告中表示，合格的Xapo銀行客戶現在可以訪問最高100萬美元的比特幣（BTC）貸款。

The new lending product is designed for long-term Bitcoin hodlers who want to access cash while keeping their BTC, Xapo Bank CEO Seamus Rocca told Cointelegraph.

Xapo銀行首席執行官Seamus Rocca告訴Cointelegraph，新的貸款產品是為希望獲得現金的長期比特幣霍德爾（Hodlers）設計的。

“Unlike traditional assets, Bitcoin is an ideal form of collateral – it is borderless, highly liquid, available 24/7, and easily divisible, making it uniquely suited for lending,” Rocca said.

Rocca說：“與傳統資產不同，比特幣是抵押品的理想形式 - 它是無邊界的，高度液體的，24/7可用且易於分裂，使其非常適合貸款。”

No collateral re-usage

沒有附帶重新使用

A key distinction of Xapo’s Bitcoin loan product is that the bank does not rehypothecate the loan collateral by users, meaning that its lending mechanism does not involve the re-usage of BTC assets by clients.

Xapo的比特幣貸款產品的一個主要區別是，該銀行不會重新使用用戶的貸款抵押品，這意味著其貸款機制不涉及客戶對BTC資產的重新使用。

Instead, the Bitcoin collateral is stored in Xapo’s BTC vault using multiparty computation (MPC) custody.

取而代之的是，使用多方計算（MPC）監管機構將比特幣抵押品存儲在XAPO的BTC庫中。

Working of a crypto lending platform.

加密貸款平台的工作。

Eligible Xapo clients can choose repayment schedules of 30, 90, 180 or 365 days, with no penalties for early repayment, the firm said.

該公司表示，符合條件的XAPO客戶可以選擇30、90、180或365天的還款時間表，而沒有對早期還款的罰款。

Who is eligible?

誰符合資格？

Xapo’s new Bitcoin lending offering will be available to pre-approved members based on several criteria.

Xapo的新比特幣貸款發行將根據幾個標準提供給預先批准的會員。

The key criteria for eligibility are the amount of Bitcoin holdings and the period of holdings, as Xapo specifically targets long-term BTC holders with a long-term investment strategy.

資格資格的主要標準是比特幣持有的數量和持有期限，因為XAPO專門針對長期BTC持有人具有長期投資策略。

According to the bank, the offering will be available to global investors in regions like Europe and Asia, excluding residents of the United States.

據該銀行稱，該產品將提供給歐洲和亞洲等地區的全球投資者，不包括美國的居民。

The list of jurisdictions supported by Xapo Bank. Source: Xapo Bank

Xapo銀行支持的司法管轄區清單。資料來源：Xapo銀行

Xapo Bank is regulated by the Gibraltar Financial Services Commission under the Financial Services Act 2019. In 2024, the bank successfully passported its banking license in the United Kingdom, granting its Xapo Bank App full access to the country.

Xapo銀行受2019年《金融服務法》的直布羅陀金融服務委員會的監管。2024年，該銀行在英國成功使用了其銀行許可證，並授予其Xapo Bank App完全訪問該國。

While Xapo’s lending is offered across the European Union, crypto lending is not covered by local regulations like the Markets in Crypto-Assets framework.

雖然Xapo的貸款在整個歐洲聯盟提供，但加密貸款並未受到加密資產框架中的市場法規的涵蓋。

A revival following numerous collapses

無數崩潰後的複興

Xapo Bank’s new BTC loan launch comes a few years after the crypto lending industry suffered a major crisis in 2022.

Xapo Bank的新BTC貸款推出是在2022年加密貸款行業遭受重大危機的幾年後。

The crisis came amid the historic Terra crash and a subsequent bear market that triggered the collapses of major lending providers like Celsius and BlockFi.

這場危機發生在歷史悠久的Terra撞車事故和隨後的熊市，這引發了攝政稅提供者（如Celsius和Blockfi）的崩潰。

“The collapse of Celsius, BlockFi, and other centralized lenders significantly eroded trust in the crypto lending space,” Xapo Bank CEO told Cointelegraph.

Xapo Bank首席執行官告訴Cointelegraph：“ Celsius，Blockfi和其他集中式貸方的崩潰嚴重侵蝕了對加密貸款空間的信任。”

An example of the Bitcoin lending process on the Xapo Bank App. Source: Xapo Bank

XAPO銀行應用程序上比特幣貸款過程的一個示例。資料來源：Xapo銀行

“Borrowers today exercise greater caution, prioritizing platforms with a proven track record in Bitcoin custody and those that offer secure, transparent solutions – especially ones that do not engage in rehypothecation,” Rocca said, adding:

Rocca補充說：“今天，借款人在比特幣監護權方面具有良好的往績以及提供安全，透明的解決方案的平台優先考慮平台，尤其是那些不從事重新養護的解決方案的平台。”

In addition to removing asset rehypothecation and MPC security, Xapo offers risk management tools and proactive protection to prevent automatic liquidations.

XAPO除了刪除資產重新支配和MPC安全性外，還提供風險管理工具和主動保護以防止自動清算。

Related: Bitwise makes first institutional DeFi allocation

相關：Bitwise進行第一次機構Defi分配

“In the event of a Bitcoin price drop, customers receive instant notifications, allowing them to either top up their collateral or make partial repayments to maintain their loan status,” Rocca noted.

Rocca指出：“如果比特幣價格下跌，客戶會收到即時通知，允許他們加滿抵押品或進行部分還款以維持其貸款狀況。”

Xapo is not the only firm that has been working to introduce lending products in 2025. In early March, Bitcoin developer Blockstream secured a multibillion-dollar investment to launch three new institutional funds, with two of them offering BTC lending.

Xapo並不是唯一一家在2025年努力推出貸款產品的公司。3月初，比特幣開發商BlockStream獲得了數十億美元的投資，以啟動三項新的機構資金，其中兩個提供了BTC貸款。