BitGo Launches Institutional Crypto Lending Platform Backed by Bitcoin, Ether and Solana

TLDR

BitGo launched a portfolio-based lending platform for institutional clients Institutions can borrow and lend against liquid, staked, and locked crypto assets in one account Supported collateral includes Bitcoin, Ether, Solana, and stablecoins The platform removes the need for multiple counterparties and manual asset transfers BitGo is listed on NYSE and operates through its subsidiary BitGo Prime, LLC

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BitGo, a digital asset infrastructure company, has launched a new financing platform aimed at institutional clients. The platform is designed to let institutions borrow and lend against their crypto holdings — including staked and locked assets — all within a single custody account.

Latest: BitGo sets new trend in the crypto world, launching a unique platform that merges the worlds of borrowing, lending, and crypto asset management for institutions! Now, unlock liquidity with varied crypto assets! #BitGoCrypto #CryptoInnovation pic.twitter.com/PS83p2qmHv

— CoinLaw (@coinlaw_io) March 31, 2026

The product is called BitGo Prime and is operated through BitGo Prime, LLC, a subsidiary of BitGo Holdings, which trades on the New York Stock Exchange.

Until now, institutional crypto financing has often required working with multiple counterparties and moving assets manually between platforms. BitGo says its new system brings borrowing, lending, and collateral management into one workflow.

The platform supports loans backed by a range of assets including Bitcoin, Ether, Solana, and stablecoins. These are held in segregated wallets within BitGo’s custody environment.

One feature of the platform is portfolio-based lending. Instead of posting collateral on a loan-by-loan basis, clients can borrow against a mix of assets held across their account.

The platform also supports financing against staked and locked tokens, such as vesting positions. Clients can use these as collateral without having to unwind or move the underlying assets.

Institutional clients can also lend eligible assets through the same account. This gives them a way to earn yield or access liquidity for trading and treasury management.

Adam Sporn, head of prime brokerage and institutional sales at BitGo, said the platform pairs high-touch service for complex financing with an easier on-platform experience for day-to-day use.

Mike Belshe, CEO and co-founder of BitGo, said the goal is to let clients access capital without having to restructure their portfolios.

Funds accessed through the platform can be used for trading via BitGo’s brokerage services or for broader liquidity needs.

Crypto-Backed Lending Has Been Growing

BitGo’s launch comes as crypto-backed lending has expanded across the industry over the past year.

In January, Coinbase relaunched its Bitcoin-backed lending product in the United States after a 16-month pause. Users can borrow up to $100,000 in USDC against Bitcoin through Morpho on its Base network.

In February, Kraken launched Flexline, a crypto-backed loan product with fixed terms ranging from two days to two years.

Infrastructure Moving Toward Custody-Integrated Models

In March, Lombard and Bitwise Asset Management said they were developing systems to let institutions earn yield and borrow against Bitcoin held in custody, without moving the underlying assets.

Babylon Labs also recently integrated with Ledger to allow Bitcoin to be locked into programmable vaults while remaining in self-custody, a structure that could support lending arrangements.

BitGo says financing and lending are now accessible through on-platform workflows, with management and monitoring tools built for institutional use.

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