BitGo Holdings, Inc. and its subsidiary BitGo Bank & Trust, N.A. announced a partnership with Aven, a machine‑banking platform, to launch the Aven Bitcoin Visa Card on April 27 2026. The card is issued by Coastal Community Bank and provides consumers with a bitcoin‑backed line of credit that can be accessed through a standard Visa card.
The product offers a credit line of up to $1 million, secured by bitcoin collateral held in dedicated wallets managed by BitGo. Interest rates start at 7.99% APR, with fixed‑rate, fixed‑term plans available for up to ten years. The card carries no annual or origination fees and rewards users with unlimited 2% cash back on purchases. Borrowers face an automatic liquidation threshold of 85% of collateral value, with a 2% liquidation fee.
BitGo’s role is to provide the federally chartered custody and settlement infrastructure, operating a per‑borrower custody model that keeps each borrower’s bitcoin in a separate wallet. BitGo Bank & Trust is an OCC‑regulated digital asset trust bank, giving the collateral a regulated custodial framework.
Aven’s mission is to cut the cost of capital for consumers by unlocking the value of existing assets. The company has saved Americans more than $300 million in interest payments as of March 2026 and is building America’s first machine‑banking platform. The Bitcoin Visa Card extends that model to digital assets, allowing long‑term bitcoin holders to borrow against their holdings without triggering taxable events.
Strategically, the partnership expands BitGo’s crypto‑as‑a‑service portfolio and positions the company to capture a new segment of institutional and retail clients seeking regulated, crypto‑backed credit products. The card’s competitive terms—longer repayment periods, lower APRs, and rich rewards—differentiate it from other bitcoin‑backed loans and could accelerate broader adoption of digital assets.
"Aven is bringing a compelling use case to market by connecting bitcoin ownership with everyday access to credit. This is the kind of real‑world financial utility that can help drive broader adoption of digital assets. BitGo is proud to provide the custody and infrastructure that helps make products like this scale securely," said Mike Belshe, CEO and co‑founder of BitGo.
"Bitcoin is becoming a bigger part of people's lives and net worth, but using bitcoin productively remains challenging. The Aven Bitcoin Visa Card provides long‑term bitcoin holders another option, and BitGo's technology helps give bitcoin holders some peace of mind that our product is secure and compliant," added Sisun Lee, Chief of Crypto at Aven.
"We built the Aven Bitcoin Visa Card to give bitcoin holders the opportunity to borrow against their bitcoin and access their line of credit through a credit card with lower rates, better terms and rich rewards," Lee continued.
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