Nearly $1 million in loans in the first 48 hours shows consumers want a safer, regulated alternative to offshore lenders and DeFi
DALLAS, TX — October 19, 2026 — Many Americans hold cryptocurrency. Until today, if they wanted to borrow against it without selling, they had to go to an offshore lender or a decentralized finance (DeFi) app. Starting now, they can go to their own bank or credit union.
BankSocial® (Fivancial™ Inc.), a Dallas-based financial technology company specializing in AI, Open Banking and Web3 infrastructure, today announced that its patent-pending Digital Asset-Backed Loans (DABL™) platform is live with a multi-billion-dollar U.S. financial institution. The launch partner originated nearly $1 million in loans in its first 48 hours.
Borrowers can pledge Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Chainlink (LINK), Hedera (HBAR), Ripple (XRP) and more than 250 other digital assets as collateral, as chosen by each financial institution. They apply, borrow and repay inside the same mobile and online banking app they already use, and their loan is made, owned and serviced by their own regulated institution.
A Safer Place to Borrow
Crypto-backed borrowing has a rough...