Key Takeaways
- Aven launches bitcoin-backed Visa card on April 27, 2026
- Up to $1 million in credit facilities available with BTC collateral
- Annual interest rate at 7.99%, fixed for up to 10 years, lower than usual loan conditions
- Asset utilization model that does not sell BTC expands to the market
On April 27, 2026, Aven Financial, Inc., a U.S. financial technology company, announced the “Aven Bitcoin Visa Card”, which allows users to use credit of up to $1 million (approximately 159.3 million yen) against bitcoin.
By using this card, users can secure funds without selling bitcoin, ensuring liquidity while avoiding taxation that can occur when selling the cryptocurrency.
The credit card service offers fixed-rate and fixed-term plans with an annual interest rate of 7.99% for up to 10 years. This is below the market level of more than 10% per year. It also offers a repayment period of less than 12 months for general bitcoin-backed loans.
Challenges for Long-Term Bitcoin Holders Who Cannot Leverage
While many investors assume they will hold on to bitcoin long-term, there have been limited means to use holdings for daily cash flow and large-scale expenditures. This is due to taxation at the time of sale and expectations of future price increases.
Sissoon Lee, head of the crypto division at Aven, said in an announcement of the Bitcoin Conference 2026 in Las Vegas, “Bitcoin is increasing its presence in people’s lives and assets, but it is still difficult to use it productively.”
According to analysis by the company of major bitcoin-backed loan providers, the market average is more than 10% per year with a repayment period of up to 12 months.
Fixed Annual Interest Rate and Collateral Storage Destination
Based on the analysis and to address the challenges mentioned, the Aven Bitcoin Visa Card offers a credit line interest rate starting at 7.99% per year, as well as fixed-rate and fixed-term plans for cash-out and balance transfers.
According to the company announcement, the collateral bitcoin will be deposited into the system of BitGo Holdings, a company listed on the NYSE. The assets in the infrastructure will be stored by Bitgo Bank & Trust, a digital asset trust bank regulated by the U.S. Office of the Comptroller of the Currency (OCC).
