Funding and M&A

Crypto Debt Financing

Debt is no longer taboo in crypto. Founders now lean on convertible notes, token-backed loans, and asset-backed credit facilities to extend runway without giving up equity. This dashboard captures every disclosed crypto debt deal dating back to 2018.

Key Insights

• Real-time credit flow: Track fresh term sheets, closed facilities, and OTC note placements the moment they become public.
• Convertible-debt intelligence: See which startups are raising on cap-table-friendly convertibles, what discount or valuation caps they command, and how token-conversion mechanics are structured.
• Granular filters: Drill into deal size, interest rate, lender type (crypto-native vs. TradFi bank), collateral profile, or borrower sector—DeFi, infrastructure, gaming, staking, CeFi, and beyond.
• Macro & liquidity overlays: Compare debt volumes against BTC/ETH price action, venture equity funding, and stablecoin market caps to understand when founders favor credit over dilution.
• Risk-adjusted context: Analyze average coupon spreads, LTV ratios, and covenant trends to gauge where lenders perceive risk—and where founders gain leverage.

Who Gains an Edge?

• Founders & CFOs seeking non-dilutive runway extension strategies.
• Credit funds, banks & lending desks pricing crypto collateral and spotting high-yield opportunities.
• Equity investors & analysts assessing total capital structure and dilution risk before leading the next round.