On April 27, 2026, at the Bitcoin Conference in Las Vegas, fintech platform Aven Financial Inc. announced the launch of the Aven Bitcoin Visa Card, a new credit card that allows holders to borrow against their bitcoin holdings without selling. The card offers a BTC-backed credit line of up to $1 million with an APR starting at 7.99%, no annual fee, no origination fee, and unlimited 2% cash back on purchases.
Product Details and Unique Features
For the first time in bitcoin lending, the Aven Bitcoin Visa Card also provides fixed-rate, fixed-term plans of up to 10 years for cash-outs and balance transfers on the line of credit. "In a first for bitcoin lending, the Aven Bitcoin Visa Card also offers fixed-rate, fixed-term plans of up to 10 years for cash-outs and balance transfers on the line of credit. Rates for these plans and the line of credit each start at 7.99% APR," the company stated. This structure gives long-term bitcoin holders a way to access liquidity without triggering a taxable event, while benefiting from predictable repayment terms.
Collateral and Issuance Structure
Borrowers deposit bitcoin as collateral through Bitgo Inc. and Bitgo Bank & Trust, National Association, an OCC-regulated digital asset trust bank. Both entities are subsidiaries of Bitgo Holdings Inc. The Aven Bitcoin Visa Card is issued by Coastal Community Bank, where accounts are held and FDIC membership applies. However, Aven clarified that Coastal Community Bank is not the issuer or custodian of bitcoin, and bitcoin is not FDIC insured.
Market Comparison and Company Background
In an April 2026 analysis, Aven compared its card with other bitcoin-backed lending products, noting that leading providers generally offer APRs of 10% or higher and loan terms of up to 12 months. By contrast, Aven's card includes fixed-rate, fixed-term plans of up to 10 years for cash-outs and balance transfers. Aven reports that its platform has funded more than $3 billion to customers, achieved over $215 million in cumulative interest savings, and raised over $400 million in equity. Its advisory board includes former Federal Reserve governor Kevin Warsh, former White House deputy chief of staff Jim Messina, and former chairman of the U.S. House Financial Services Committee Patrick McHenry, among others.
The launch adds a significant BTC-backed credit option built around collateral, longer repayment terms, and card-based access, further bridging the gap between cryptocurrency holdings and traditional credit products.