No rehypothecation

Bitcoin Lenders That Don't Rehypothecate

These lenders hold your pledged Bitcoin but do not rehypothecate it, meaning your collateral is not re-lent to other parties or reused for the lender's own borrowing. After the Celsius and BlockFi failures, that distinction is one of the clearest risk signals in Bitcoin lending.

UnchainedBitcoin-backed loanCollaborative multisig Arch (Deferred)Bitcoin-backed loanQualified custodian Arch (Standard)Bitcoin-backed loanQualified custodian BetterBitcoin mortgageQualified custodian FigureBitcoin-backed loanQualified custodian MiloBitcoin mortgageQualified custodian Moon MortgageBitcoin mortgageQualified custodian CoinRabbitBitcoin-backed loanLender-held, segregated LednBitcoin-backed loanLender-held, segregated StrikeBitcoin-backed loanLender-held, segregated

Compare every lender by your own criteria →What is rehypothecation? →Qualified custodian →

borrowonbitcoin.com is a comparison publisher, not a lender or financial advisor. Data verified weekly; confirm terms with each lender. Full disclosures.