Crypto-Backed Loan Service 'CRYL' to Launch on July 9, 2026

We are a group company of J-CAM Corporation, which has built a track record in the cryptocurrency industry through operating the crypto-lending service 'BitLending' and the Web3.0 media platform 'Iolite'. Leveraging J-CAM's extensive expertise in cryptocurrency operations and asset management, we are launching 'CRYL (Kuriru)', a financial service that enables users to raise funds without selling their digital assets.

Background: The Global Rise of 'Non-Selling Fundraising'

Cryptocurrencies such as Bitcoin are increasingly recognized as long-term investment assets. However, when users face financial needs—for tax payments, business capital, or real estate purchases—they often resort to selling their holdings.

Selling cryptocurrency not only converts assets into cash but also triggers a taxable event. Under Japan’s current tax system, capital gains are classified as miscellaneous income and subject to comprehensive taxation, with rates reaching up to 55%. Even if a separate tax reporting system is introduced in the future, selling crypto will still incur tax liabilities.

Globally, crypto-backed loans—using digital assets as collateral to borrow fiat currency—are gaining traction. In the U.S., public companies have used Bitcoin holdings as collateral for corporate financing, and mortgage products backed by crypto are emerging, expanding the practical applications.

In Japan, as the number of crypto holders grows, so does the demand for funding solutions that allow users to maintain long-term holdings while accessing liquidity. We believe this need will continue to rise.

In response to this market demand, CRYL introduces a new financial option: instead of choosing between 'holding' or 'selling,' users can now 'utilize without selling' their crypto assets.

CRYL Service Overview

'CRYL' is a crypto-backed loan service that allows customers to borrow fiat currency ranging from ¥1 million to ¥1 billion by pledging their cryptocurrency as collateral.

By leveraging the value of crypto assets without selling them, users can meet various funding needs, including tax payments, living expenses, business capital, and real estate purchases.

The annual interest rate ranges from 3.5% to 7.0%, with a loan-to-value (LTV) ratio of 40% to 60%. Loan amounts start at ¥1 million and go up to ¥1 billion (in ¥1 million increments). Under the revolving credit agreement, additional borrowing is possible within the credit limit, provided the LTV ratio remains at or below 60%.

We offer tailored loan plans for individual users, self-employed individuals, real estate buyers, and corporate clients. The entire process—from application to contract—is completed online, ensuring a convenient and user-friendly experience.

Service Website: https://cryl.net/

Loan Terms

For Individuals and Self-Employed

Collateral Cryptocurrency: BTC

Interest Rate: 3.5%–7.0% per annum

Loan Amount: ¥1 million to ¥1 billion (in ¥1 million increments)

LTV Ratio: 40%–60% (in 5% increments)

Eligibility: Individuals aged 18–69 with stable income (subject to company criteria)

Repayment Method: Lump-sum repayment of principal and interest (one payment)

Repayment Period: 1 year (rollable)

Late Payment Penalty: 20.0% per annum

Contract Type: Revolving Credit Agreement

Total Debt Regulation: Applicable (except for business-purpose loans by self-employed individuals)

Additional Borrowing: Allowed within credit limit and LTV ≤ 60%

Guarantor: Not required

For Individuals and Self-Employed Purchasing Real Estate

Collateral Cryptocurrency: BTC

Interest Rate: 3.5%–7.0% per annum

Loan Amount: ¥1 million to ¥1 billion (in ¥1 million increments)

LTV Ratio: 40%–60% (in 5% increments)

Eligibility: Individuals aged 18–69 with stable income (subject to company criteria)

Repayment Method: Lump-sum repayment of principal and interest (one payment)

Repayment Period: 1 year (rollable)

Late Payment Penalty: 20.0% per annum

Contract Type: Promissory Note Loan

Total Debt Regulation: Exempt

Additional Borrowing: Not allowed

Guarantor: Not required

For Corporate Clients

Collateral Cryptocurrency: BTC

Interest Rate: 3.5%–7.0% per annum

Loan Amount: ¥1 million to ¥1 billion (in ¥1 million increments)

LTV Ratio: 40%–60% (in 5% increments)

Repayment Method: Lump-sum repayment of principal and interest (one payment)

Repayment Period: 1 year (rollable)

Late Payment Penalty: 20.0% per annum

Contract Type: Revolving Credit Agreement

Additional Borrowing: Allowed within credit limit and LTV ≤ 60%

Guarantor: Not required

※ Loan approval is subject to review.

※ Please carefully review the terms. Consider your income and expenses to ensure sustainable repayment. Be aware of cryptocurrency price volatility affecting collateral value.

About CRYL Corporation

Company Name: CRYL Corporation (Kuriru)

Established: December 9, 2025

Representative: Toshiyuki Shintsu, President & CEO

Capital: ¥80 million

Headquarters: 13F BIZCORE Nishishinbashi, 3-13-3 Nishishinbashi, Minato-ku, Tokyo

Business: Crypto-backed loan services

Phone: 03-6822-6422 (Business Hours: Weekdays 10:00–17:00)

Registration Number: Tokyo Metropolitan Government (1) No. 32065

Registration Period: April 9, 2026 – April 8, 2029

Affiliation: Member of Japan Lenders Association No. 006441

URL: https://cryl.net/

Designated Dispute Resolution Agency

Japan Lenders Association Consultation & Dispute Resolution Center Phone: 0570-051-051

Hours: 9:00–17:00 (excluding weekends, holidays, year-end and New Year)

About J-CAM Corporation

Company Name: J-CAM Corporation (J-CAM)

Representative: Toshiyuki Shintsu, President & CEO

Capital: ¥50 million

Headquarters: 13F BIZCORE Nishishinbashi, 3-13-3 Nishishinbashi, Minato-ku, Tokyo

Business: Cryptocurrency lending, media operations

Affiliation: Japan Blockchain Association

URL: https://j-cam.co.jp/

<Services>

BitLending is a crypto-lending service that allows users to earn lending fees at predetermined rates by lending their digital assets.

With competitive lending yields, robust security powered by Fireblocks, and transparent quarterly operation reports, BitLending has earned strong user trust.

URL: https://bitlending.jp/

'Iolite' is a Web3.0 and AI-focused business magazine dedicated to enhancing literacy in blockchain, cryptocurrencies, and next-generation technologies.

We deliver high-quality, in-depth coverage of evolving blockchain and AI trends.

URL: https://iolite.net/