Key Takeaways
- • BitGo and Kalshi Prime launched HODL Margining, a network letting eligible customers obtain U.S. dollar loans secured by digital assets without selling their crypto holdings.
- • BitGo Bank & Trust, an OCC-regulated digital asset trust bank and BitGo subsidiary, is the first custodian to join the network.
- • Loans are issued by Kalshi Katalyst, a lending affiliate of Kalshi Prime, a CFTC-registered futures commission merchant, with proceeds deposited directly into the borrower's Kalshi Prime account to fund margin for perpetual futures.
- • Pledged assets remain in qualified custody at BitGo Bank & Trust, held in segregated client accounts with cold-storage safeguards and insurance of up to $250 million on custodied assets.
- • The press release cautions that trading futures involves substantial risk of loss and that borrowing to fund margin adds leverage and risk.
Summary
BitGo Holdings, Inc. and Kalshi Prime announced the launch of HODL Margining, a network that allows eligible customers to obtain U.S. dollar loans secured by digital assets without selling their cryptocurrency holdings, according to an Investing.com report datelined New York.
BitGo Bank & Trust, National Association, an OCC-regulated digital asset trust bank and BitGo subsidiary, is the first custodian to join the network. The service enables eligible customers of Kalshi Prime, a CFTC-registered futures commission merchant, to borrow against digital assets held in qualified custody to fund margin for perpetual futures and other eligible margin products traded on KalshiEX. Kalshi Katalyst, a lending affiliate of Kalshi Prime, provides the loans, which may be secured by eligible digital assets or eligible stablecoins held at BitGo Bank & Trust or other participating custodians. Loan proceeds are deposited directly into the borrower's Kalshi Prime account, where margin, segregation and risk controls apply.
Pledged assets remain in qualified custody at BitGo rather than being transferred to a third-party venue or converted to cash. Per the press release, digital assets are held in segregated client accounts separate from BitGo's corporate assets and safeguarded using cold-storage infrastructure, with BitGo maintaining insurance of up to $250 million on assets in custody.
Jeff Bandman, CEO of Kalshi Prime, said the product reflects a customer-focused approach: "digitally native customers can fund their margin without having to sell their existing holdings." The launch follows KalshiEX's introduction of perpetual futures trading on May 29, 2026, which initially offered crypto contracts. The platform has since added 19 crypto pairs and real-world asset contracts, including the Kalshi 500 perpetual index.
The press release notes that trading futures involves substantial risk of loss and that borrowing to fund margin adds leverage and increases risk.
BitGo Bank & Trust, National Association, an OCC-regulated digital asset trust bank and BitGo subsidiary, is the first custodian to join the network. The service enables eligible customers of Kalshi Prime, a CFTC-registered futures commission merchant, to borrow against digital assets held in qualified custody to fund margin for perpetual futures and other eligible margin products traded on KalshiEX. Kalshi Katalyst, a lending affiliate of Kalshi Prime, provides the loans, which may be secured by eligible digital assets or eligible stablecoins held at BitGo Bank & Trust or other participating custodians. Loan proceeds are deposited directly into the borrower's Kalshi Prime account, where margin, segregation and risk controls apply.
Pledged assets remain in qualified custody at BitGo rather than being transferred to a third-party venue or converted to cash. Per the press release, digital assets are held in segregated client accounts separate from BitGo's corporate assets and safeguarded using cold-storage infrastructure, with BitGo maintaining insurance of up to $250 million on assets in custody.
Jeff Bandman, CEO of Kalshi Prime, said the product reflects a customer-focused approach: "digitally native customers can fund their margin without having to sell their existing holdings." The launch follows KalshiEX's introduction of perpetual futures trading on May 29, 2026, which initially offered crypto contracts. The platform has since added 19 crypto pairs and real-world asset contracts, including the Kalshi 500 perpetual index.
The press release notes that trading futures involves substantial risk of loss and that borrowing to fund margin adds leverage and increases risk.
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