Japanese Loan Firm Launches Bitcoin Collateral Loan Product with Up to $6.2 Million in Borrowing Limit

Japanese loan company CRYL has introduced a loan product allowing individuals and businesses to borrow up to 100 million yen (approximately $6.2 million) using Bitcoin as collateral. The loan terms range from 3.5% to 7% annual interest rates, with a collateralization ratio of 40% to 60%. Loans are available for one year and can be used for tax payments, business funding, real estate purchases, and other purposes. Applicants must undergo credit checks, with most loans repaid in full at maturity. This development reflects Japan's expanding regulated crypto collateral lending market, following PinterTech's operations since 2020 offering similar products with up to $3 million in borrowing limits. CRYL's offering distinguishes itself with lower minimum loan amounts and higher caps, though it restricts collateral to Bitcoin only.