Xapo Bank通过推出比特币支持的贷款来押注加密贷款复兴

该公司在3月18日与Cointelegraph的公告中表示，合格的Xapo银行客户现在可以访问最高100万美元的比特币（BTC）贷款。

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是一家总部位于直布罗陀的全球加密货币友好银行，它正在发行以比特币支持的美元贷款，因为它利用了据称的加密贷款复兴。

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.

该公司在3月18日与Cointelegraph的公告中表示，合格的Xapo银行客户现在可以访问最高100万美元的比特币（BTC）贷款。

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银行首席执行官Seamus Rocca告诉Cointelegraph，新的贷款产品是为希望获得现金的长期比特币霍德尔（Hodlers）设计的。

“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说：“与传统资产不同，比特币是抵押品的理想形式 - 它是无边界的，高度液体的，24/7可用且易于分裂，使其非常适合贷款。”

No collateral re-usage

没有附带重新使用

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的比特币贷款产品的一个主要区别是，该银行不会重新使用用户的贷款抵押品，这意味着其贷款机制不涉及客户对BTC资产的重新使用。

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

取而代之的是，使用多方计算（MPC）监管机构将比特币抵押品存储在XAPO的BTC库中。

Working of a crypto lending platform.

加密贷款平台的工作。

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

该公司表示，符合条件的XAPO客户可以选择30、90、180或365天的还款时间表，而没有对早期还款的罚款。

Who is eligible?

谁符合资格？

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

Xapo的新比特币贷款发行将根据几个标准提供给预先批准的会员。

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.

资格资格的主要标准是比特币持有的数量和持有期限，因为XAPO专门针对长期BTC持有人具有长期投资策略。

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

据该银行称，该产品将提供给欧洲和亚洲等地区的全球投资者，不包括美国的居民。

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

Xapo银行支持的司法管辖区清单。资料来源：Xapo银行

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银行受2019年《金融服务法》的直布罗陀金融服务委员会的监管。2024年，该银行在英国成功使用了其银行许可证，并授予其Xapo Bank App完全访问该国。

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.

虽然Xapo的贷款在整个欧洲联盟提供，但加密贷款并未受到加密资产框架中的市场法规的涵盖。

A revival following numerous collapses

无数崩溃后的复兴

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贷款推出是在2022年加密贷款行业遭受重大危机的几年后。

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.

这场危机发生在历史悠久的Terra撞车事故和随后的熊市，这引发了摄政税提供者（如Celsius和Blockfi）的崩溃。

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

Xapo Bank首席执行官告诉Cointelegraph：“ Celsius，Blockfi和其他集中式贷方的崩溃严重侵蚀了对加密贷款空间的信任。”

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

XAPO银行应用程序上比特币贷款过程的一个示例。资料来源：Xapo银行

“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补充说：“今天，借款人在比特币监护权方面具有良好的往绩以及提供安全，透明的解决方案的平台优先考虑平台，尤其是那些不从事重新养护的解决方案的平台。”

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

XAPO除了删除资产重新支配和MPC安全性外，还提供风险管理工具和主动保护以防止自动清算。

Related: Bitwise makes first institutional DeFi allocation

相关：Bitwise进行第一次机构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：“如果比特币价格下跌，客户会收到即时通知，允许他们加满抵押品或进行部分还款以维持其贷款状况。”

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并不是唯一一家在2025年努力推出贷款产品的公司。3月初，比特币开发商BlockStream获得了数十亿美元的投资，以启动三项新的机构资金，其中两个提供了BTC贷款。