Fintertech, a subsidiary of Daiwa Securities, launches bitcoin-backed yacht purchase loan service

TechFlow news, October 20 — According to CoinDesk, Fintertech, a subsidiary of Daiwa Securities Group, announced on October 20 the launch of digital asset-collateralized loans for buyers participating in "NOT A GARAGE," a shared premium mobility service. Users holding Bitcoin (BTC) or Ethereum (ETH) can now secure funding to purchase private jets or yachts without selling their crypto assets. The actual annual interest rate is 0.0%-3.0% for the first year and 3.2%-6.0% starting from the second year, with loan amounts up to 500 million JPY and a collateral ratio of 40%. Since October 1, Daiwa Securities has begun offering referral services for these loans across its nationwide branches, further expanding the application scenarios of crypto assets in the high-end consumer sector.