Japanese finance company CRYL has launched its new Bitcoin-secured loan service. The company announced that individuals and businesses can provide financing in Japanese yen without selling their BTC assets.
Loan amount, maturity and interest range announced
CRYL set the loan amount between 1 million yen and 1 billion yen. While the annual interest rate will vary between 3.5% and 7%, the guarantee rate will be applied between 40% and 60%. The loans will have a one-year maturity. It was stated that the provided funds can be used for various expenses, including tax payments, business financing and real estate purchases.
CRYL emphasizes that with this service, investors will have a third option other than holding or selling their crypto assets.
Applicants will go through an evaluation process. In most of the loans, the principal and interest are expected to be repaid collectively at the end of one year.
Difference with current market in Japan
This step somewhat expands the still limited nature of the regulated crypto collateral financing market in Japan. Fintertech, a joint venture between Daiwa Securities Group and Credit Saison, launched a similar service in 2020. Fintertech currently offers loans of up to $3 million against Bitcoin or Ether collateral.
CRYL’s product differs in that the upper limit is higher and the minimum loan amount is lower. In contrast, the company only accepts Bitcoin collateral. Fintertech’s website includes annual interest rates of 4% to 8%, 50% collateral rate and a minimum loan amount of 5 million yen for individuals and companies.
| Company | Guarantee | Credit range | Annual interest |
|---|---|---|---|
| CRYL | BTC | 1 million yen to 1 billion yen | 3.5% to 7% |
| Fintertech | BTC or ETH | Starting from 5 million yen to 3 million dollars | 4% to 8% |
Fintertech’s distribution network had also expanded. Daiwa Securities began offering its customers Fintertech’s digital asset-backed loan products in its branches across Japan in October 2025. Daiwa Securities Group has an 80% share in the company’s partnership structure, and Credit Saison has a 20% share.
New research focuses on more complex products
Some companies in Japan are also examining how Bitcoin can be used in more advanced credit products. Metaplanet Securities, yen-pegged digital currency issuer JPYC, and tokenization infrastructure provider Progmat announced that they are exploring the use of BTC as collateral or credit enhancement for digital corporate bonds and other blockchain-based credit instruments.
Mini glossary: Tokenization is the process of converting the rights of an asset into a digital token on the blockchain. In corporate bonds, this structure can enable issuance and investor tracking in a digital environment.
Metaplanet Securities, JPYC and Progmat note that this study is at the research stage and no issuance decision has been made.
Unlike the direct loan products offered by CRYL and Fintertech, this initiative has not yet reached the implementation stage. At this stage, companies are only continuing to evaluate possible areas of use.
