Unchained Bitcoin loan distribution exceeds $1 billion, setting a new standard in the industry.

[Coin World] Today, leading Bitcoin native Financial Service company Unchained announced that its Bitcoin-backed loan distribution has exceeded $1 billion. With over 4,000 loans issued and a nine-year track record, the company is setting a new standard for transparency and security in Bitcoin lending. Over $1,000,000,000+ in loan distribution, 4,000+ loans, 9+ years, zero repeated collateral.

"Reaching a distribution amount of 1 billion dollars is a milestone, but the bigger story is how we got here: nine years, complete transparency to borrowers, without any hype," said Joe Kelly, co-founder and CEO of Unchained. "While others talk about trust, we provide evidence. Customers hold a key to verify their collateral on-chain and know their Bitcoin is being handled securely. This is how lending should work, and it's a verified, serious method that Bitcoin holders can rely on."

According to data from the data platform, by 2030, Bitcoin-backed loans are expected to grow by over 430%, and loan models that offer greater transparency and customer control are receiving increasing attention. As interest in such loans grows, Unchained continues to follow a model that avoids duplicate collateralization, which means that customer collateral will not be reused or transferred without permission.

"The Bitcoin-backed loans are an excellent business that perfectly meets the needs of long-term Bitcoin holders," said Jon Melton, the loan officer at Unchained. "Our commitment to non-recourse collateral and transparency is invaluable for clients who need to understand the risks of borrowing against Bitcoin. When clients collateralize their Bitcoin, they need to trust their lenders. Our product design and our growing solid track record provide a strong foundation for that trust."

The company uses a 2-of-3 multi-signature vault structure, allowing borrowers to retain one key and directly verify their collateral on-chain. In addition to reaching the $1 billion milestone, Unchained has also reduced the annual interest rate (APR). While the specific rate has not been disclosed, the company stated that this move aims to make borrowing more competitive while not changing its custody method.

"As the Bitcoin financial product market expands and scrutiny over custody and re-hypothecation deepens, Unchained's transparent, client-empowering model remains the safest and most verifiable method for Bitcoin-backed credit," the company stated.