Regulatory context notes crypto-backed lending expanding as clarity around bitcoin’s commodity status increases, aiding Aven’s risk posture and rollout.

Aven Financial launches the Aven Bitcoin Visa Card, offering BTC-backed credit lines up to $1 million without selling BTC, announced at Bitcoin Conference 2026 in Las Vegas by Sisun Lee, with advisors including former regulators and industry leaders.

The product is pitched as part of a broader mission to lower the cost of capital and build a machine-banking platform, citing over $300 million in interest savings for users as of March 2026.

The launch signals growing integration of crypto infrastructure with regulated financial services, addressing custody, risk, and compliance while expanding mainstream credit access for digital assets.

Borrowers must move pledged bitcoin to custody with BitGo in South Dakota; loans are overcollateralized with a 70% loan-to-value cap for higher limits and automatic closure at 70% with potential liquidation at 85%.

The product charges no origination or annual fees, imposes a 1% cash-out fee, and applies standard late and authorized-user fees, while restricting use in prohibited categories like online gambling, crypto exchanges, and certain prediction markets.

Bitcoin collateral is secured via BitGo and BitGo Bank & Trust, with Coastal Community Bank issuing the Visa card, ensuring separation of custody from issuance.

The card operates with bitcoin not being FDIC insured, but the issuing bank is regulated under a Visa license, leveraging a licensed framework for card issuance.

Borrowers pledge BTC through BitGo custody arrangements, while card issuance is handled by Coastal Community Bank under a Visa license.

Interest rates range from 7.99% to 11.99% APR, determined by collateral coverage (30%, 50%, or 70%), available regardless of credit score for now.

BitGo’s broader role in crypto infrastructure and stablecoin initiatives is highlighted, framing the Aven card as part of BitGo’s embedded services in crypto finance and payments.

The card offers fixed-rate plans up to 10 years for cash-outs and balance transfers, with fixed starting APR of 7.99%, plus unlimited 2% cash back and no card fees.