Research

Insights, analysis, and thought leadership on Bitcoin banking, regulation, and the future of financial infrastructure.

Featured

EDUCATIONAL OVERVIEW

What is Bitcoin-Backed Lending?

A comprehensive, interactive guide to bitcoin-backed lending — how it works, why bitcoin is superior collateral, real-time risk management, and why banks are uniquely positioned.

Explore the Guide
Bitcoin-Backed Lending 101

Interactive Tools

INTERACTIVE MODEL

Portfolio Analyzer

Model the impact of bitcoin-backed loans on your portfolio's net interest income. Adjust allocation, rates, and risk parameters to see real-time results.

Launch Analyzer

All Articles

Bitcoin as Pristine Collateral — property comparison across asset classes
Research · May 4, 2026

Bitcoin as Pristine Collateral: A Property-by-Property Comparison

A sourced look at how Bitcoin compares to mortgage, SBL, CRE, and ABL collateral on liquidity, pricing cadence, verifiability, perfection, and recovery in default.

Galoy Expands Bitcoin Banking Platform Ahead of Bitcoin 2026
Press Release · April 28, 2026

Galoy Expands Bitcoin Banking Platform Ahead of Bitcoin 2026

Galoy's announcement from Bitcoin 2026 in Las Vegas — the platform now covers six Bitcoin banking use cases, and three new tools (Regulatory Radar, the Portfolio Analyzer, and LTV Risk Scenarios) are live for banks and credit unions.

News · April 9, 2026

The Bitcoin Banking Standard – Edition 11

Morgan Stanley launches the first bank-issued spot Bitcoin ETF. Coinbase receives conditional OCC trust charter. Treasury proposes first GENIUS Act rules. SEC's Reg Crypto advances to White House. CLARITY Act faces critical April deadline.

News · March 25, 2026

The Bitcoin Banking Standard – Edition 10

The SEC and CFTC issued a five-category token taxonomy and named 16 digital commodities. The Senate voted 89-10 to ban CBDCs. The CLARITY Act stablecoin yield stalemate broke with new compromise text under industry review.

Event-sourced banking architecture diagram
Engineering · March 18, 2026

Event-Sourced Banking: Architecture Built for Audit, Safety, and Scale

How Lana uses event sourcing as a system-wide standard to deliver built-in auditability, safe retries, historical reconstruction, and additive product evolution.

News · February 25, 2026

The Bitcoin Banking Standard – Edition 9

The White House just told banks to get comfortable with stablecoin rewards. Plus: seven federal charters, the Fed buries reputation risk, and JPMorgan on Bitcoin vs. gold.

News · February 4, 2026

The Bitcoin Banking Standard – Edition 8

The latest on stablecoins, bank charters, ETFs, and regulation.

Bitcoin-Backed Lending 101
Educational Overview · Research

What is Bitcoin-Backed Lending?

A comprehensive guide to bitcoin-backed lending — how it works, risk management, and why banks are uniquely positioned.

News · January 6, 2026

The Bitcoin Banking Standard – Edition 7

From OCC clarity to normalized Fed oversight and stablecoin rails.

News · August 26, 2025

The Bitcoin Banking Standard – Edition 6

From de-banking relief to Citi's custody signals and lighter Fed scrutiny.

Enterprise Adoption · August 11, 2025

Bitcoin Backed Lending: A Win/Win/Win

Bitcoin backed loans offer high interest spreads and tax-efficient borrowing.

News · July 25, 2025

The Bitcoin Banking Standard – Edition 5

PNC partners with Coinbase, JPMorgan explores BTC-backed loans.

News · July 4, 2025

The Bitcoin Banking Standard – Edition 4

The regulatory landscape evolves favorably for Bitcoin banking.

News · June 5, 2025

The Bitcoin Banking Standard – Edition 3

Massive banks begin implementing Bitcoin into their products.

News · April 11, 2025

The Bitcoin Banking Standard – Edition 2

Regulatory bodies provide a more favorable environment for institutions.

News · March 28, 2025

The Bitcoin Banking Standard: Edition 1

A transformative period in Bitcoin's integration within the banking sector.

Enterprise Adoption · February 11, 2025

The Rise of Bitcoin Banks – Stephan Livera Pod

Nicolas Burtey discusses the evolution of Bitcoin banking.

News · February 6, 2025

Galoy Launches Lana for Digital Asset Lending

New service enables institutions to offer Bitcoin-backed loans.

Enterprise Adoption · December 19, 2024

How SAB121's Withdrawal Unleashes Banking Innovation

What the SEC's SAB 121 withdrawal means for banks.

Enterprise Adoption · December 3, 2024

When Banks and Bitcoin Collide

Nicolas Burtey at Adopting Bitcoin 2024.

News · October 21, 2024

Blink Completes Transaction to Accelerate Growth

Blink positioned for expansion with Lukas Duczko joining as Chairman of the Board.

Enterprise Adoption · July 23, 2024

How Will Enterprises Adopt Bitcoin?

Companies that wield Bitcoin early will make money and differentiate.

Engineering · May 1, 2024

From Galoy to Blink – GitHub Repositories Renamed

Repositories rebranded to reflect core functionalities.

Engineering · September 11, 2023

Moving Open Source Up the Bitcoin Stack

Nicolas Burtey at Baltic Honeybadger 2023.

Enterprise Adoption · May 13, 2023

Be Your Own Bank (For Corporations)

Nicolas Burtey presents at MSTR World 2023.

Research · December 14, 2022

Industry Use Cases of the Lightning Network

Machine-to-machine payments, power grids, and cross-border settlement.

Engineering · December 6, 2022

The Lightning Cash Register

POS payments on the Lightning Network for merchants.

Engineering · August 3, 2022

Announcing Stablesats

Bringing USD to the Lightning Network.

Research · March 10, 2022

Inbound Liquidity & Fee Structures on Lightning

Pricing liquidity for Lightning wallets and banking systems.

News · February 17, 2022

Newsletter #4: Bitcoin Mortgages & Open Source

New Story partnering with Bitcoin Beach for homeownership.

Enterprise Adoption · February 16, 2022

Bitcoin Mortgage Payments in El Zonte

Making homeownership possible with Bitcoin.

News · January 24, 2022

Newsletter #3: Bitcoin For Communities

Support for Tonga, Cash App adds Lightning.

Enterprise Adoption · January 22, 2022

Bitcoin For Communities

42 million sats donated to 10 Bitcoin projects worldwide.

Engineering · December 22, 2021

Receive Payment Via Lightning Address

Lightning Addresses simplify Bitcoin transactions.

News · December 16, 2021

Newsletter #2: $3m Seed Round

Adopting Bitcoin videos, Lightning Network news.

News · December 15, 2021

Galoy Raises $3m Seed Round

Craft Ventures leads round for Bitcoin banking infrastructure.

News · November 22, 2021

Recap: Adopting Bitcoin Lightning Summit

700+ attendees and 75 speakers in El Salvador.

News · November 11, 2021

Newsletter #1: Adopting Bitcoin

Bitcoin banking for communities and Lightning Network news.

Enterprise Adoption · November 10, 2021

Bitcoin Banking for Communities

Lessons learned from Bitcoin Beach.

News · November 8, 2021

The Galoy Origin Story

How we got our name — from the Gauls to Bitcoin.

Research · July 22, 2020

Lightning as a Retail Payment System

Layered scaling of Bitcoin and Lightning for retail payments.

Research · December 9, 2019

Visa and Lightning: How Do They Compare?

Side-by-side comparison of card networks and Lightning.

The Bitcoin Banking Standard

Our bi-weekly newsletter covering Bitcoin banking trends, regulatory developments, and institutional adoption. Subscribe on LinkedIn.

Subscribe on LinkedIn