Fintertech, a subsidiary of Daiwa Securities, launches bitcoin-backed yacht purchase loan service

ChainCatcher news, Fintertech, a subsidiary of Daiwa Securities Group, announced that it has begun offering digital asset-backed loans to buyers of the "NOT A GARAGE" shared high-end transportation service.

Users holding bitcoin (BTC) or ethereum (ETH) can obtain funds to purchase private jets or yachts without selling their crypto assets. The actual annual interest rate for the first year of the loan is 0% - 3%, and from the second year onwards it is 3.2% - 6%. The maximum loan amount is 500 million yen, with a collateral ratio of 40%. Since October 1, Daiwa Securities has started introducing this loan service at its branches nationwide, further expanding the application scenarios of crypto assets in the high-end consumer sector.