SALT Lending, a crypto-backed lender, has received state approval to offer consumer and commercial digital asset-backed loans in the state of Nevada. The company states that it is one of the first licensed crypto lenders in the state.
Residents in Nevada can now unlock liquidity by using their cryptocurrency as collateral, without having to sell it.
The move gives Nevada residents access to regulated, crypto-backed credit, allowing borrowers to unlock liquidity from Bitcoin, Ethereum, and other assets without having to sell them.
In January, SALT Lending had its lending license reinstated in the state of California. In 2024, SALT Lending lost its license in California, following claims by the state that it had violated the California Financing Law, including failing to assess borrowers’ ability to repay adequately, understating annual percentage rates, and charging undisclosed administrative fees.
SALT reports that as of today, it operates in 44 states and seven countries.
SALT was founded in Denver in 2016.
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