Gibraltar, November 26th, 2025 – Xapo Bank has opened access for all eligible members to the Xapo BTC Credit Fund, a BTC-denominated wealth product that lets participants earn yield on their Bitcoin by securely participating in institutional-grade lending markets.
The new yield product sits alongside Xapo Bank’s suite of wealth products, including Bitcoin and USD savings accounts, giving members a trusted way to grow their wealth while maintaining the safety and simplicity of the Xapo product suite. During its initial phase, early access to the offering attracted $100 million in member allocations, marking the next step in Xapo Bank’s phased rollout of the product.
From Pilot to Launch
The product’s rollout has been part of a deliberate, multi-year programme of development and validation. First revealed in 2024 through a strategic investment partnership with Hilbert Group, the offering received initial investment in excess of $200 million from Xapo Bank and other investors. Building on that success, Xapo Bank then secured full regulatory approval in Gibraltar earlier this year, demonstrating the product’s ability to operate at the highest standards of compliance and oversight.
With those milestones achieved, Xapo Bank is now extending access to all eligible members1. This progression demonstrates both the maturity of the product and Xapo Bank’s continued commitment to providing Bitcoin holders with institutional-grade investment opportunities within a regulated environment.
“The launch of our latest earnings product marks another milestone in our vision to build a complete digital-wealth ecosystem for Bitcoin holders,” said Seamus Rocca, CEO of Xapo Bank. “From loans to savings access, we’ve taken a phased approach to offering members more ways to grow and manage their Bitcoin within a secure banking framework. Opening this offering to all eligible members demonstrates the maturity of that journey, and the sustained demand we continue to see from those looking for long-term, institutional-grade opportunities.”
Designed for Long Term Bitcoin Holders
Built on Xapo Bank’s guiding principle of security first, yield by design, the Xapo BTC Credit Fund deploys member Bitcoin through a fully institutional credit process. Each opportunity undergoes rigorous due diligence, with lending decisions overseen by Hilbert Capital’s investment committee. Exposures are continuously monitored throughout the lending lifecycle to ensure they remain within the fund’s defined risk framework.
The strategy focuses on engaging only well-capitalised counterparties, short terms, and a low-risk appetite, with no fund-level leverage. This structure is designed to deliver consistent, risk-adjusted returns for long-term Bitcoin holders, giving members a secure way to put their Bitcoin to work without introducing unnecessary market or credit exposure.
Tommy Doyle, Global Head of Relationship Management at Xapo Bank, added: “Our members choose Xapo Bank as we are the pioneers of Bitcoin denominated wealth and savings products, with a trusted reputation of protecting our client's bitcoin, without compromise, since 2013. No other bank or platform has been as disciplined and unwavering in their commitment to provide banking services for 'bitcoiners'. The Xapo BTC Credit Fund fits nicely into our suite of BTC wealth products in delivering consistent yield, with a limited low risk appetite, for our long term BTC holders. We are very excited about the scalability of our regulated credit fund and delighted to partner with our independent investment manager, Hilbert Capital.”
Expanding the Xapo Digital Wealth Ecosystem
With this offering, Xapo Bank is unlocking the next tier of the bank’s evolving suite of savings and wealth products. It complements Xapo’s Bitcoin savings account, which continues to serve as the secure and liquid foundation for member holdings, and builds on the success of Xapo’s Bitcoin-backed loan product that has enabled members to access liquidity without selling their Bitcoin holdings.
Together, these offerings give members the flexibility to manage liquidity, growth, and diversification entirely within one regulated ecosystem, combining traditional banking safeguards with the innovation of Bitcoin finance, and reflecting Xapo Bank’s commitment to stable, long-term growth.
Eligibility requirements may vary based on a person’s specific situation and may include, amongst other things, a minimum investment requirement and completion of an appropriateness assessment. In the United Kingdom, this material is restricted and directed only at Professional Clients or Eligible Counterparties. Terms and Conditions apply.
Xapo Bank Limited is regulated as a credit institution by the Gibraltar Financial Services Commission (GFSC) under Permission No. 23171. Cryptoasset services are provided by Xapo Vasp Limited, a DLT provider regulated by the GFSC under Permission No. 26061 and are currently unregulated in the UK.
Xapo Byzantine BTC Credit Fund is referred to in this article as ‘Xapo BTC Credit Fund’ and is incorporated as an exempted company with limited liability in the Cayman Islands and is regulated as a mutual fund for the purposes of the Mutual Funds Act (Revised) of the Cayman Islands under Ref No. 2135151. The Xapo BTC Credit Fund is managed by its investment manager Hilbert Capital Ltd., an exempted company incorporated under the Companies Act (Revised) of the Cayman Islands and is exempt from the licensing requirements of the Securities Investment Business Act (Revised) of the Cayman Islands in respect of its services by virtue of having registered with the Cayman Islands Monetary Authority (CIMA) under that law with Ref No. 1994742.
Loans are issued by Xapo Credit Limited, licensed as a moneylender under the Financial Services (Moneylending) Act 1917 and registered as a creditor with the Gibraltar Financial Services Commission under the Financial Services (Consumer Credit) Act 2011. Bitcoin-backed borrowing is not available in the United Kingdom or Australia.
Investing in the Xapo BTC Credit Fund involves risk. Financial instruments and crypto asset values can go up as well as down; returns are not guaranteed, and you may lose all of the money you invest. Past performance is not indicative of future results. This information does not constitute investment advice; you should carefully consider your risk tolerance and obtain independent financial advice before making any decision. Please be aware that Bitcoin deposits are not covered by the Gibraltar Deposit Guarantee Scheme.
Notes :
1 Eligibility requirements may vary based on a person’s specific situation and may include, amongst other things, a minimum investment requirement and completion of an appropriateness assessment. In the United Kingdom, this material is restricted and directed only at Professional Clients or Eligible Counterparties. Terms and Conditions apply.
