Liberix has launched a new financial platform offering Thai baht loans secured by Bitcoin and other cryptocurrencies (Crypto-Backed Thai Baht Loan), making it the first provider in Thailand to develop such services under the framework of Thai law.
The platform is designed to meet the needs of digital asset holders seeking short-term liquidity without having to sell their holdings, enabling them to leverage the "value" of cryptocurrencies for financial benefits while retaining ownership and long-term growth potential.
Woraphat Pruksamas, CEO of Liberix, said the company's vision is to make digital assets usable like traditional financial assets, rather than limiting them solely to investment or speculation.
In recent years, digital assets have gained broader acceptance as investment assets, payment media, and reserve assets in some countries, reflecting their increasing role in the financial system. At the same time, long-term cryptocurrency holders have steadily increased.
Liberix’s loan service allows users to pledge highly liquid cryptocurrencies as collateral, currently supporting 10 major digital assets: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), Polkadot (DOT), Solana (SOL), TRON (TRX), Worldcoin (WLD), Dogecoin (DOGE), and Sui (SUI).
, Users can choose loan-to-value (LTV) ratios ranging from 30% to 70%, matching their individual risk tolerance levels, and set loan terms from 1 to 12 months. The maximum interest rate is 1.25% per month.
Collateral value is assessed in real time based on market prices, and the system continuously monitors asset price movements to manage risks from cryptocurrency market volatility. Users receive alerts when collateral value approaches predefined thresholds, allowing them to add collateral or adjust risk structures before it impacts the loan agreement.
Liberix stated this approach reduces risks of forced collateral liquidation and encourages users to manage digital assets more prudently and responsibly.
Regarding asset custody and security, the company said digital assets used as collateral are held by an institutional-level licensed digital asset custodian authorized in Hong Kong, with clear security standards and regulatory oversight, separating client assets from platform operations to minimize custody risks.
Liberix stated that its loan structure complies with the principles of secured lending under the Thai Civil and Commercial Code, the main legal framework governing lending in Thailand.
Further research indicates that under the latest amendments (Civil and Commercial Code Amendment No. 23, 2021), interest rates are set in two cases:
Meanwhile, Section 654 of the Civil and Commercial Code caps the maximum interest rate for general loans at 15% per year.
Liberix controls all interest rates, fees, and related charges within the legal ceilings.
Additionally, the company strictly implements customer identification (Know Your Customer: KYC) and anti-money laundering (AML) measures, maintains internal legal compliance checks, and continuously monitors regulatory changes to ensure transparent and verifiable services.