Metaplanet

Bitcoin

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Japanese lender CRYL has launched Bitcoin-backed loans of up to 1 billion yen ($6.2 million), allowing individuals and businesses to raise fiat currency without selling their BTC.&nbsp;
On Thursday, the company <a href="https://prtimes.jp/main/html/rd/p/000000001.000185286.html" rel="noopener noreferrer nofollow">announced</a> that borrowers can access between $6,200 and $6.2 million at annual rates of 3.5% to 7%. The loans carry collateral ratios of 40% to 60%. They run for one year and can be used for expenses, including taxes, business funding and property purchases.
The launch expands Japan’s small market for regulated crypto-backed financing. In 2020, Fintertech, a Daiwa Securities Group and Credit Saison joint venture, <a href="https://fintertech.jp/news/20200415_press_dbl/" rel="noopener noreferrer nofollow">launched</a> a similar service and currently lends up to $3 million against Bitcoin or Ether. However, CRYL's service advertises a higher ceiling and a lower minimum, while limiting collateral to BTC.&nbsp;
CRYL framed the service as adding a third option beyond holding or selling their crypto. However, applicants must undergo screening, and most loans use a lump-sum repayment structure, with principal and interest due after one year.&nbsp;
<h2 id="bitcoin-backed-finance-takes-shape-in-japan">Bitcoin-backed finance takes shape in Japan</h2>
Fintertech’s product shows that Bitcoin-backed lending has been available in Japan for several years. The company’s website currently <a href="https://dabl.fintertech.jp/" rel="noopener noreferrer nofollow">lists</a> 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 ($31,000).
The service also gained a wider distribution channel in October 2025, when Daiwa Securities began <a href="https://prtimes.jp/main/html/rd/p/000000288.000056375.html" rel="noopener noreferrer nofollow">introducing</a> customers at its branches across Japan to Fintertech’s digital asset-backed loans. Fintertech is owned 80% by Daiwa Securities Group and 20% by Credit Saison.
Related: <a href="https://cointelegraph.com/news/japan-crypto-bill-etf-tax-reform-path" rel="noopener noreferrer nofollow">Japan crypto bill advances with ETF, tax reform path: Report</a>
Other Japanese companies are exploring how Bitcoin could support more complex credit products. On Friday, <a href="https://cointelegraph.com/news/metaplanet-to-form-securities-arm-through-siiibo-acquisition" rel="noopener noreferrer nofollow">Metaplanet Securities</a>, yen stablecoin issuer JPYC and tokenization infrastructure provider Progmat <a href="https://cointelegraph.com/news/metaplanet-studies-bitcoin-digital-bonds-japan" rel="noopener noreferrer nofollow">announced a study into using BTC as collateral</a> or credit enhancement for digital corporate bonds and other blockchain-based credit instruments.&nbsp;
Unlike the loan products offered by CRYL and Fintertech, the Metaplanet initiative remains at the research phase, and the companies said no issuance has been decided.&nbsp;
Magazine: <a href="https://cointelegraph.com/features/bigger-blocks-or-stark-proofs-bitcoins-quantum-dilemma" rel="noopener noreferrer nofollow">Bitcoin’s quantum dilemma: Bigger blocks or STARK proofs?</a>

Japanese lender launches Bitcoin-backed loans of up to $6.2M

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Other articles published on Jul 10, 2026

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