Lantern Finance has announced that Bitcoin Cash, Chainlink, and Sui are now eligible as collateral on its crypto-backed lending platform. This brings the total number of supported assets to twelve, including Bitcoin, Ethereum, XRP, Solana, Litecoin, Dogecoin, Cardano, Hedera, and Stellar Lumens.
US customers can borrow against these assets and receive same-day funding directly to their bank accounts or stablecoins in their wallets without having to sell their crypto. Lantern is targeting assets with strong long-term holder bases, where lending options have been limited.
Loans using BCH, LINK, or SUI are offered at a 33 percent loan-to-value ratio with a fixed 15 percent APR, matching Lantern’s existing terms. Customer assets are stored with institutional-grade custody providers, ensuring transparency, security, and downside protection.
Lantern’s cofounders, Jung Won Kim and Prince Jindal, said this move allows investors to access reliable credit while keeping control over their diversified portfolios. The company plans to continue adding more assets and enhancing its platform to make crypto finance familiar, compliant, and safe.
Lantern Finance’s main product is a crypto-backed loan, letting users access funds without selling their crypto holdings. The company’s mission is to simplify crypto finance and offer a seamless platform for investors to do more with their assets.
