Custody for loans
Loans for individuals and businesses, backed by crypto
Get a loan by pledging your crypto held at CheckSig, or provide liquidity and earn a return with solid, monitored collateral.
An agreement between individuals or businesses, held with institutional rigor
The contract is entered into directly between borrower and lender. CheckSig does not grant the loan and does not carry out credit mediation: it acts exclusively as custodian of the crypto posted as collateral, monitoring their value and managing the thresholds set out in the contract.
Individual or company
Borrower
Post as collateral your crypto held at CheckSig and get euro liquidity without having to sell it: no capital gains realized as such, no interruption to your long-term strategy.
Individual or company
Lender
Earn a return by providing euro liquidity, against a Bitcoin collateral of at least 200% of the capital, liquidatable at any time.
CheckSig as custodian
We certify the initial value of the collateral, continuously monitor the market and manage the contractual thresholds agreed between the parties.
Collateralization threshold
The initial value of the collateral must be equal to or above 200% of the capital to activate the contract.
Alert threshold
If the value of the collateral falls below the alert threshold (e.g. 145% of the capital), CheckSig notifies the borrower with a margin call and converts the crypto other than Bitcoin into Bitcoin.
Liquidation threshold
In case of a further drop (e.g. 120% of the capital), CheckSig proceeds to liquidate the collateral according to the terms set out in the contract.
Clear terms, for both parties
Duration
Agreed between the parties. Usually one or two years, renewable at maturity.
Amount
From 10,000 euros up to significant amounts, with no defined cap.
Collateral (LTV)
The collateralization threshold is equal to 200% of the loaned capital, corresponding to a Loan To Value (LTV, the ratio of amount lent to the value of the collateral) of 50%.
Rate
Agreed between the parties, it decreases as the offered collateral grows. For example: 12% gross per year with 200% collateral (LTV 50%), 6% gross per year with 500% collateral (LTV 20%).
Costs
Crypto custody follows the existing terms. The specific loan-collateral service, threshold monitoring, margin call, liquidation, is subject to an additional fee, defined in the contract.
Signing the contract
You will need PEC (certified email) and a qualified electronic signature (QES). With the CHECKSIG code, you get a 20% discount on PEC LITE (one year) and Qualified Cloud Signature (three years), through our partner Intesi Group.
Want to know more?
Whether it’s about getting euro liquidity or granting a loan with solid collateral, the CheckSig team is available to work with you on the best solution.
CheckSig is not authorized to lend money under the Italian Banking Act (D.Lgs. 385/1993). The loan agreement is reached between the parties within the limits of the law and in compliance with usury thresholds: CheckSig does not act as a facilitator, agent, or credit broker but only as custodian of the crypto posted as collateral, within the limits of the contract between the parties and the applicable operating procedures, limited to the obligations and rights associated with its role.
Percentages, thresholds, durations, amounts, and rates shown on this page are illustrative only and do not constitute a public offer, a promise of return, or a contractual proposal. The values actually applied are contractually agreed by the parties in compliance with the applicable law in force from time to time.
Risk Warning
CheckSig does not assess the borrower’s creditworthiness and does not guarantee the solvency of any party. Crypto carries significant market risks and may lose value, even entirely. When used as collateral for a loan, a reduction in their value may compromise coverage of the credit.
For the borrower, the conversion and/or automatic liquidation of the crypto posted as collateral according to the terms set out in the contract may result in their total or partial loss, is subject to fees and may be a taxable event. If the liquidation proceeds are not sufficient to discharge the debt, the borrower remains liable for the outstanding balance.
For the lender, over-collateralization and automatic liquidation reduce the risk but do not eliminate it: in the event of particularly sudden price drops, the liquidation proceeds may not fully cover the credit.