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Prime Lending is fixed-rate BTC credit committed for the full term, and positions are held to maturity in the base case. From the launch of myBTC, a lender who needs to exit earlier will be able to sell the exposure into the myBTC secondary market.

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Redemption at maturity

Principal and accrued BTC interest are returned through the program’s repayment structure, whether amortizing, block-reward-share, or coupon-plus-balloon. On full repayment, the facility closes and any remaining program balances are settled in BTC on chain.

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Exit before maturity

From the launch of myBTC, scheduled for Q4 2026, a Prime Lending position can be exited before maturity by selling the exposure into the myBTC secondary market. myBTC holds a mining credit book and its token trades on secondary venues through DEX and OTC, which gives Prime Lending exposure a route to liquidity without waiting for the facility to repay. Execution depends on available liquidity and the price at which the exposure clears, so an early exit is not guaranteed at par. The committed term remains the basis on which programs are underwritten and priced.

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Dedicated secondary market

A dedicated secondary market for Prime Lending positions is in development. It is intended to let qualified counterparties enter and exit active positions directly, adding price discovery for mining credit alongside lender liquidity. Mechanics and availability will be published ahead of launch.