Public company K33 launches BTC and ETH collateralized lending services, a new option for stablecoin loans is here

LiquidityWitch · 2026-01-20T03:02:10+00:00

Norwegian publicly listed company K33 launches crypto lending service collateralized by Bitcoin and Ethereum, currently in the testing phase. The service converts loans into USDC stablecoins and aims to generate returns through held Bitcoin, making good use of idle crypto assets to support clients with liquidity needs.

LiquidityWitch

2026-01-20 03:02:10

Abstract generation in progress

【ChainNews】Norwegian publicly listed company K33 has recently made a big move—launching a crypto lending service collateralized by Bitcoin and Ethereum. Currently in the testing phase, it is initially open to some qualified customers, and the borrowed funds are in stablecoins like USDC.

What’s even more interesting is that K33 has also invested its own Bitcoin holdings into the platform, aiming to create a digital asset operation system that can both provide lending services and generate returns. In simple terms, it’s about activating idle crypto assets while providing liquidity support to customers with needs. This model is already quite common in DeFi, but it’s still rare for a regulated publicly listed company to do so. For users who want to leverage their crypto assets for liquidity without liquidating their positions, it’s a pretty good option.

BTC-3.66%

ETH-6.83%

USDC0.04%

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GasFeeBarbecue

· 19h ago

Once again, publicly listed companies are trying to grab DeFi business, but this time it seems quite credible. Speaking of which, K33 has also invested heavily, which shows some sincerity. Using BTC as collateral to borrow USDC is a great solution for those who don't want to sell their coins, really hitting the pain point. Wait, can stablecoins be played like this? Feels like the lending interest rates might be pretty outrageous. Having the backing of a listed company is definitely more reassuring than some fly-by-night platforms, at least the liquidity pool is less likely to run away.

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DaisyUnicorn

· 19h ago

Public companies are now playing DeFi lending, and traditional finance is also starting to water the little flowers on the chain.

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GasBankrupter

· 19h ago

Hey, listed companies are also starting to engage in collateralized lending, now the official players are entering the market. K33 is putting Bitcoin in? That's interesting, but it still feels like another round of capital game. Stablecoin lending? Why not just use USDT directly? It was opened during the testing phase, this speed is a bit fast. Finally, the official players are doing this, which is more reliable than some fly-by-night platforms. Collateralizing coins to exchange for USDT, I understand the logic, but I'm worried about the interest costs. Endorsement by listed companies is a good thing, but its reliability depends on what happens next. Another field about to get competitive, really intense. Still a bit risky, as the volatility of collateral assets is too high. This routine has been played out in DeFi for a long time, just a different disguise.

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PanicSeller69

· 19h ago

Finally, the official team has entered the scene, but the K33 approach feels a bit like traditional finance shelling out.

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VitaliksTwin

· 19h ago

Public companies playing DeFi is still somewhat interesting, but K33 is really trying to profit from the arbitrage margin this time. Finally, legitimate players are entering the collateralized lending space, so there's less worry about a sudden collapse. Wait, using their own BTC as collateral in the pool... who will bear this risk? People who want to avoid liquidation and need liquidity definitely need this, but what are the interest rates? Is K33 trying to follow Celsius's path again? Hopefully they won't repeat the same mistakes. Stablecoin lending is indeed attractive; it all depends on how well they execute.

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