Roxom Announces Refinance Desk For Bitcoin-Backed Loans At 7.25% APR

Roxom has launched BLOC ReFi, a desk that refinances existing bitcoin-backed loans onto the company’s Bitcoin Line of Credit at 7.25% APR.

The Argentina-built platform, which offers borrowing, yield and investment products tied to bitcoin, says the service is meant for people who already have bitcoin pledged to another lender and want a lower rate without selling their holdings. For eligible loans, Roxom says it can pay the current lender directly, so borrowers do not first have to post cash or extra bitcoin to complete the switch. A ReFi team reviews the existing loan and helps coordinate the move.

The offer includes a first-month interest rebate. Interest on the new line accrues at 7.25% APR as simple interest on the outstanding balance and does not compound. Borrowers who keep the line open for 12 months receive a rebate equal to their first month’s interest at month 12.

“Bitcoin lending rates are too high. They eat into returns and limit what people can do with their capital,” said Borja Martel Seward, Roxom’s chief executive. “We’re lowering the cost of borrowing so more people can put their bitcoin to work, whether that means funding a Digital Credit carry trade, investing in assets, or covering expenses, without selling it. We’ll help them make the switch, and I’ll be taking calls myself.”

The underlying product is Roxom’s Bitcoin Line of Credit, an open-ended facility with no fixed term and no scheduled monthly payments. There are no origination, prepayment or closure fees. Borrowers must keep collateral above required levels. A 2% fee applies if collateral is liquidated.

Roxom’s illustration is a $100,000 loan refinanced from 11.5% APR to 7.25% APR. On an unchanged balance and rates, simple interest over 12 months and no switching costs, the company puts first-year savings at about $4,854, including the conditional rebate.

Bitcoin posted as collateral is held in a legally segregated account and is never lent out, reused or pledged to another party, the company said.

BLOC ReFi will work with borrowers whose bitcoin is still held by their current lender, as well as those who can use spare bitcoin or cash to complete the refinance. Direct lender payoff depends on a review of the existing loan and the incumbent lender’s collateral-release process. Completion times will vary by case.

Roxom Private clients get a personal call before any collateral liquidation. The company said that service is limited to Private clients and does not remove liquidation risk.

BLOC ReFi is not available to U.S. persons. Refinancing is subject to eligibility and loan review.

Roxom describes itself as building Bitcoin Capital Markets: a single platform where users can borrow against bitcoin, earn bitcoin income, and invest in stocks, ETFs and Digital Credit with bitcoin or stablecoins. Its stated aim is to treat bitcoin as the base currency of capital markets, with assets priced in bitcoin and returns measured against it.

Borrowers can call or message the ReFi team on WhatsApp at (682) 271-7956 or submit their loan details at roxom.com/refi.