Kraken OTC — Institutional Crypto-Backed Credit Facilities

Kraken's institutional OTC desk offers customized loans for professional clients posting bitcoin or ether as collateral. The public lending page states that facilities begin at $500,000 and are available only to eligible Pro-level verified clients after anti-money-laundering, know-your-customer, and jurisdictional review. Loan size, collateral ratio, interest rate, maturity, settlement currency, and repayment structure are negotiated directly with the desk rather than published as a standardized retail schedule. Clients can manage balances, payments, and invoices through an OTC portal or confirm terms through secure communication channels. The service is provided by Payward Oceanic Ltd., a Kraken group company, and may be unavailable in certain countries or to certain client types. Kraken also provides exchange, custody, prime, and settlement infrastructure, allowing an institutional borrower to coordinate lending with a broader digital-asset operating relationship. The page does not state whether loan collateral is segregated, insured, or rehypothecated, so those points require written confirmation in the governing credit agreement.