Two Prime Lending Limited Achieves Milestone in Crypto Lending
In Q3 2025, Two Prime Lending Limited achieved a significant milestone by securing $827 million in loans backed by Bitcoin, bringing the company’s total issuance since its inception in March 2024 to over $2.55 billion. This remarkable growth reflects a growing interest from institutional clients in utilizing crypto-collateralized credit solutions.
Client Base and Market Trends
Based in Asheville, North Carolina, Two Prime serves a diverse range of clients, including notable Bitcoin mining companies and trading firms such as CleanSpark, Hut 8, Fold, and Flowdesk, indicating their expanding reach in the institutional lending space. The firm has attributed its impressive performance to evolving trends in Bitcoin ownership, where corporations, miners, and asset managers are increasingly looking for innovative ways to generate returns while maintaining their Bitcoin positions.
Robust Lending Capacity and Tailored Financial Products
To meet this demand, Two Prime offers a robust lending capacity exceeding $3 billion, tailoring financial products that include tri-party custody arrangements for collateral security and structured offerings for varying risk-return needs.
CEO Alexander S. Blume stated, “We’re proud of our industry-leading role, which reflects our commitment to meeting clients where they are and crafting strategies that meet their individual business needs at any given time.”
Broader Growth in the Crypto Lending Industry
Two Prime’s strong performance is emblematic of a broader growth trajectory within the crypto lending industry. For instance, Coinbase recently launched its Bitcoin-backed lending service, leveraging the DeFi protocol Morpho, which quickly reached over $1 billion in originations. The company’s CEO, Brian Armstrong, has set an ambitious target of reaching $100 billion in on-chain borrow originations, pointing to a robust future for the sector.
Advantages of Crypto-Collateralized Loans
Unlike traditional banking, loans in this context are secured by Bitcoin as collateral, allowing borrowers to access necessary liquidity without necessitating the sale of their assets or incurring tax implications. Loans are often over-collateralized, ensuring protection against market fluctuations, thus providing institutions with an effective means to unlock liquidity while retaining their cryptocurrency exposure.
