Xapo Expands Bitcoin Credit Fund After Reaching $100 Million in Allocations

Xapo Bank has opened its Bitcoin lending program to a wider audience after exceeding $100 million in allocations for its BTC Credit Fund within its initial phase. Launched in 2024, the fund utilizes deposited Bitcoin as collateral and provides yield to depositors while employing a model similar to institutional-style credit products. This expansion builds on Xapo’s earlier milestone as the first bank to offer interest-bearing Bitcoin and fiat accounts in the UK. The move signals a significant shift towards more structured lending products for long-term Bitcoin holders, according to the company.