# Bitcoin-Backed Loans Reshape Traditional Lending Landscape ▴ News

**Published:** 2025-08-04
**Categories:** News

---

The increasing adoption of Bitcoin as collateral within both traditional banking and [decentralized finance](https://prime.greeks.live/area/decentralized-finance/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) (DeFi) protocols signifies a critical shift in the systemic architecture of credit markets. This development expands the utility of [digital assets](https://prime.greeks.live/question/in-what-ways-do-rfq-settlement-processes-differ-between-traditional-assets-and-digital-assets/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) beyond speculative instruments, integrating them into the foundational mechanisms of capital formation and deployment. The immediate consequence is a broadening of liquidity avenues for holders of significant Bitcoin positions, enabling them to leverage their assets without triggering taxable events from direct sale.

This mechanism also introduces new vectors for risk assessment and management within established financial institutions, requiring robust frameworks to account for digital asset volatility and custody. The operationalization of Bitcoin as pristine collateral reconfigures institutional investment strategies, emphasizing [capital efficiency](https://prime.greeks.live/area/capital-efficiency/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) and strategic asset allocation.

The mainstreaming of [Bitcoin-backed lending](https://prime.greeks.live/area/bitcoin-backed-lending/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) fundamentally redefines asset utility and capital access, integrating digital assets into the core financial system for enhanced liquidity and strategic leverage.

- **Core Mechanism** ▴ Bitcoin used as collateral for loans

- **Key Actors** ▴ Banks, [DeFi protocols](https://prime.greeks.live/area/defi-protocols/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite), institutions

- **Strategic Consequence** ▴ Enhanced liquidity without asset sale

Signal Acquired from ▴ <a href="https://www.forbes.com/consent/ketch/?toURL=https%3A%2F%2Fwww.forbes.com%2Fdigital-assets%2Fnews%2F&utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" target="_blank" rel="nofollow">Forbes Digital Assets</a> 

![Precision interlocking components with exposed mechanisms symbolize an institutional-grade platform. This embodies a robust RFQ protocol for high-fidelity execution of multi-leg options strategies, driving efficient price discovery and atomic settlement](https://options.greeks.live/wp-content/uploads/2025/07/precision-institutional-digital-asset-derivatives-execution-platform.jpg)

![Abstract geometric forms converge at a central point, symbolizing institutional digital asset derivatives trading. This depicts RFQ protocol aggregation and price discovery across diverse liquidity pools, ensuring high-fidelity execution](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-rfq-execution-microstructure-core-liquidity-hub.jpg)

## Glossary

<a href="https://prime.greeks.live/area/decentralized-finance/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A multi-segmented sphere symbolizes institutional digital asset derivatives. One quadrant shows a dynamic implied volatility surface](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-liquidity-management.jpg)

## Decentralized Finance

Meaning ▴ Decentralized Finance, or DeFi, refers to an emergent financial ecosystem built upon public blockchain networks, primarily Ethereum, which enables the provision of financial services without reliance on centralized intermediaries. </a><a href="https://prime.greeks.live/question/in-what-ways-do-rfq-settlement-processes-differ-between-traditional-assets-and-digital-assets/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![An abstract composition of interlocking, precisely engineered metallic plates represents a sophisticated institutional trading infrastructure. Visible perforations within a central block symbolize optimized data conduits for high-fidelity execution and capital efficiency](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocols-multi-leg-execution-layer.jpg)

## Digital Assets

RFQ settlement in digital assets replaces multi-day, intermediated DvP with instant, programmatic atomic swaps on a unified ledger. </a><a href="https://prime.greeks.live/area/capital-efficiency/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Two sharp, intersecting blades, one white, one blue, represent precise RFQ protocols and high-fidelity execution within complex market microstructure. Behind them, translucent wavy forms signify dynamic liquidity pools, multi-leg spreads, and volatility surfaces](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-optimized-liquidity-aggregation-principal-prime-os-intelligence-layer.jpg)

## Capital Efficiency

Meaning ▴ Capital Efficiency quantifies the effectiveness with which an entity utilizes its deployed financial resources to generate output or achieve specified objectives. </a><a href="https://prime.greeks.live/area/bitcoin-backed-lending/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Two sleek, polished, curved surfaces, one dark teal, one vibrant teal, converge on a beige element, symbolizing a precise interface for high-fidelity execution. This visual metaphor represents seamless RFQ protocol integration within a Principal's operational framework, optimizing liquidity aggregation and price discovery for institutional digital asset derivatives via algorithmic trading](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-rfq-protocol-interface-for-institutional-digital-asset-derivatives.jpg)

## Bitcoin-Backed Lending

Meaning ▴ Bitcoin-Backed Lending is a financial mechanism where Bitcoin (BTC) serves as collateral to secure a loan, typically denominated in fiat currency or stablecoins. </a><a href="https://prime.greeks.live/area/defi-protocols/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A polished, segmented metallic disk with internal structural elements and reflective surfaces. This visualizes a sophisticated RFQ protocol engine, representing the market microstructure of institutional digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-engine-1.jpg)

## Defi Protocols

Meaning ▴ DeFi Protocols represent a collection of open-source, non-custodial financial applications built on decentralized blockchain networks, enabling peer-to-peer financial services without reliance on traditional intermediaries. </a>

**Tags:** [Institutional Adoption](https://options.greeks.live/area/institutional-adoption/), [Market Structure](https://options.greeks.live/area/market-structure/), [Digital Asset Integration](https://options.greeks.live/area/digital-asset-integration/), [Bitcoin-Backed Lending](https://options.greeks.live/area/bitcoin-backed-lending/), [Risk Management](https://options.greeks.live/area/risk-management/), [Collateralized Loans](https://options.greeks.live/area/collateralized-loans/)	

## Discover More

- 
### [CFTC Integrates TradFi and DeFi Leaders into Advisory Subcommittee](https://options.greeks.live/news/cftc-integrates-tradfi-and-defi-leaders-into-advisory-subcommittee/)
![A precision-engineered interface for institutional digital asset derivatives. A circular system component, perhaps an Execution Management System EMS module, connects via a multi-faceted Request for Quote RFQ protocol bridge to a distinct teal capsule, symbolizing a bespoke block trade. This depicts high-fidelity execution, optimizing market microstructure within a Principal's operational framework for atomic settlement.](https://options.greeks.live/wp-content/uploads/2025/07/precision-engineered-interface-for-institutional-digital-asset-derivatives-request-for-quote-protocol-high-fidelity-execution-within-principal-operating-system.jpg)

This initiative codifies a unified regulatory-industry interface, enhancing the architectural integrity of the digital asset market structure.

- 
### [CME Group Activates Continuous 24/7 Crypto Derivatives Trading](https://options.greeks.live/news/cme-group-activates-continuous-24-7-crypto-derivatives-trading/)
![A sleek, institutional-grade RFQ engine precisely interfaces with a dark blue sphere, symbolizing a deep latent liquidity pool for digital asset derivatives. This robust connection enables high-fidelity execution and price discovery for Bitcoin Options and multi-leg spread strategies.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-crypto-derivatives-rfq-engine-linking-deep-liquidity-pools.jpg)

This architectural shift provides continuous market access, enhancing capital efficiency and global liquidity for institutional participants.

- 
### [SEC Clarifies Liquid Staking Is Not a Security Offering](https://options.greeks.live/news/sec-clarifies-liquid-staking-is-not-a-security-offering/)
![Sleek, angled structures intersect, reflecting a central convergence. Intersecting light planes illustrate RFQ Protocol pathways for Price Discovery and High-Fidelity Execution in Market Microstructure. This visualizes Aggregated Inquiry meeting Private Quotation for Digital Asset Derivatives via a Prime RFQ.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-price-discovery-microstructure.jpg)

This regulatory clarity optimizes capital efficiency within digital asset ecosystems, enabling refined institutional engagement and expanded market structures.

- 
### [What Are the Key Technological Hurdles to Implementing a Unified Collateral Management System for Crypto Assets?](https://options.greeks.live/question/what-are-the-key-technological-hurdles-to-implementing-a-unified-collateral-management-system-for-crypto-assets/)
![The image depicts two intersecting structural beams, symbolizing a robust Prime RFQ framework for institutional digital asset derivatives. These elements represent interconnected liquidity pools and execution pathways, crucial for high-fidelity execution and atomic settlement within market microstructure. The intersection highlights cross-market price discovery and multi-leg spread capabilities, underpinned by algorithmic trading protocols.](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-cross-market-execution-architecture-for-digital-assets.jpg)

A unified crypto collateral system hinges on overcoming blockchain fragmentation, ensuring oracle integrity, and securing cross-chain asset transfers.

- 
### [CFTC Initiates Tokenized Collateral in Derivatives Markets](https://options.greeks.live/news/cftc-initiates-tokenized-collateral-in-derivatives-markets/)
![Sleek, metallic, modular hardware with visible circuit elements, symbolizing the market microstructure for institutional digital asset derivatives. This low-latency infrastructure supports RFQ protocols, enabling high-fidelity execution for private quotation and block trade settlement, ensuring capital efficiency within a Prime RFQ.](https://options.greeks.live/wp-content/uploads/2025/08/market-microstructure-engine-for-crypto-derivatives-rfq-protocol.jpg)

Integrating stablecoins as collateral enhances capital efficiency and modernizes market infrastructure for superior operational control.

- 
### [Presidential Pardon Issued for Binance Founder Changpeng Zhao](https://options.greeks.live/news/presidential-pardon-issued-for-binance-founder-changpeng-zhao/)
![Abstract clear and teal geometric forms, including a central lens, intersect a reflective metallic surface on black. This embodies market microstructure precision, algorithmic trading for institutional digital asset derivatives. It visualizes RFQ protocols driving high-fidelity execution, price discovery, and liquidity aggregation within a robust Prime RFQ for portfolio margin and atomic settlement.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-execution-prime-os.jpg)

This executive action recalibrates the regulatory framework, signaling a systemic shift in the U.S. posture toward digital assets.

- 
### [CFTC Integrates TradFi and DeFi Leaders into Advisory Group](https://options.greeks.live/news/cftc-integrates-tradfi-and-defi-leaders-into-advisory-group/)
![A precision internal mechanism for 'Institutional Digital Asset Derivatives' 'Prime RFQ'. White casing holds dark blue 'algorithmic trading' logic and a teal 'multi-leg spread' module. A luminous sphere aids 'price discovery' and 'implied volatility' for 'high-fidelity execution' via 'RFQ' protocols.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-rfq-engine-high-fidelity-execution-liquidity-aggregation.jpg)

Regulatory framework evolution accelerates as the CFTC embeds digital asset leaders to architect market structure.

- 
### [When Do Multi-Leg Crypto Options Strategies Necessitate Atomic Execution via RFQ Systems?](https://options.greeks.live/question/when-do-multi-leg-crypto-options-strategies-necessitate-atomic-execution-via-rfq-systems/)
![Transparent conduits and metallic components abstractly depict institutional digital asset derivatives trading. Symbolizing cross-protocol RFQ execution, multi-leg spreads, and high-fidelity atomic settlement across aggregated liquidity pools, it reflects prime brokerage infrastructure.](https://options.greeks.live/wp-content/uploads/2025/07/cross-protocol-rfq-execution-digital-asset-derivatives-microstructure-system.jpg)

Atomic RFQ execution for multi-leg crypto options is an operational imperative for risk mitigation and capital efficiency.

- 
### [ETHZilla Deploys $100m Ethereum into EtherFi Liquid Restaking](https://options.greeks.live/news/ethzilla-deploys-100m-ethereum-into-etherfi-liquid-restaking/)
![Interlocking geometric forms, concentric circles, and a sharp diagonal element depict the intricate market microstructure of institutional digital asset derivatives. Concentric shapes symbolize deep liquidity pools and dynamic volatility surfaces. The diagonal signifies high-fidelity execution via RFQ protocols, supporting complex multi-leg spread strategies and efficient portfolio margin.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocols-and-high-fidelity-execution.jpg)

This strategic capital allocation by a Nasdaq-listed entity into liquid restaking protocols demonstrates an evolving institutional approach to yield optimization and network security within the Ethereum ecosystem.

---

## Raw Schema Data

```json
{
    "@context": "https://schema.org",
    "@type": "BreadcrumbList",
    "itemListElement": [
        {
            "@type": "ListItem",
            "position": 1,
            "name": "Home",
            "item": "https://options.greeks.live"
        },
        {
            "@type": "ListItem",
            "position": 2,
            "name": "News",
            "item": "https://options.greeks.live/news/"
        },
        {
            "@type": "ListItem",
            "position": 3,
            "name": "Bitcoin-Backed Loans Reshape Traditional Lending Landscape",
            "item": "https://options.greeks.live/news/bitcoin-backed-loans-reshape-traditional-lending-landscape/"
        }
    ]
}
```

```json
{
    "@context": "https://schema.org",
    "@type": "Organization",
    "@id": "https://greeks.live/#organization",
    "name": "Greeks.Live",
    "url": "https://greeks.live/",
    "description": "Greeks.live is the definitive toolkit for the professional options trader, dedicated to empowering our users with institutional-grade data, advanced analytics, and a comprehensive suite of trading tools designed to provide a decisive edge in the market. Every article and guide published under the Greeks.live name is a product of our deep commitment to data-driven analysis and our mission to support the global trading community.",
    "email": "support@greeks.live",
    "logo": {
        "@type": "ImageObject",
        "url": "https://options.greeks.live/wp-content/uploads/2025/07/Greeks.Live-Logo-Icon.svg"
    },
    "hasPart": [
        {
            "@type": "WebSite",
            "name": "About Us",
            "url": "https://about.greeks.live"
        },
        {
            "@type": "WebSite",
            "name": "App Download Page",
            "url": "https://about.greeks.live/#/download/basic_trade"
        },
        {
            "@type": "WebSite",
            "name": "Newcomers' Guide",
            "url": "https://twisty-sign-c8b.notion.site/Guide-for-Greeks-live-X-Deribit-Newbies-5a08a3052822427d800af6eaf3704c8d"
        },
        {
            "@type": "WebSite",
            "name": "Knowledge Base",
            "url": "https://linktr.ee/greeks.live"
        },
        {
            "@type": "WebSite",
            "name": "Option Terminology",
            "url": "https://greekslive.notion.site/88dfc00e7c584d4d8969b6302a79a12f?pvs=4"
        },
        {
            "@type": "WebSite",
            "name": "Terms of Service",
            "url": "https://greeks.live/#/tos"
        },
        {
            "@type": "WebSite",
            "name": "Disclaimer",
            "url": "https://greeks.live/#/disclaimer"
        }
    ],
    "sameAs": [
        "https://x.com/greekslive",
        "https://youtube.com/@greeks_live?si=-KjT0Lkw4WUCI0tD",
        "https://t.me/greekslive_notifications",
        "https://t.me/greekslive",
        "https://pinterest.com/greekslive/"
    ],
    "makesOffer": [
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "RFQ Platform",
                "url": "https://rfq.greeks.live",
                "description": "Execute institutional-grade block trades for crypto options and futures. This platform provides deep, over-the-counter (OTC) liquidity via a professional Request for Quote system.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Lending Tools",
                "url": "https://lend.greeks.live",
                "description": "Manage crypto lending and borrowing activities to earn yield or secure loans. This suite of tools helps users analyze interest rates and manage collateralized debt positions.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Data Lab",
                "url": "https://greeks.live/#/deribit/tools/datalab/BTC",
                "description": "Analyze historical and real-time options data with advanced metrics. This tool is designed for backtesting strategies and identifying market trends through comprehensive data visualization.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Profit & Loss Analysis (PnL)",
                "url": "https://greeks.live/#/deribit/tools/pnl_analysis",
                "description": "Track and analyze the Profit and Loss (PnL) of your options portfolio. This tool provides detailed performance metrics to help traders evaluate and refine their strategies.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Position Visualization",
                "url": "https://greeks.live/#/deribit/tools/pv/BTC",
                "description": "Visualize complex options positions and their corresponding risk profiles. This tool generates payoff diagrams to help traders intuitively understand potential profit, loss, and exposure.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Options Calculator",
                "url": "https://greeks.live/#/deribit/tools/calculator",
                "description": "Calculate the theoretical price and risk parameters ('the Greeks') of crypto options. An essential tool for pricing new trades and analyzing the sensitivity of existing positions.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Greeks.live Main Platform",
                "url": "https://greeks.live/",
                "description": "The central hub for the Greeks.live suite of professional cryptocurrency options and derivatives trading tools. Access analytics, manage positions, and explore the ecosystem.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Community Forum",
                "url": "https://t.greeks.live",
                "description": "Join the official Greeks.live community. Connect with other traders, share insights, and receive the latest updates directly from the team.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Greeks.live for Deribit",
                "url": "http://deribit.greeks.live",
                "description": "A dedicated interface for trading on the Deribit exchange. This platform leverages Greeks.live's advanced analytics and tools specifically for users of Deribit's options and futures markets.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Greeks.live for OKX",
                "url": "http://okx.greeks.live",
                "description": "A dedicated interface for trading on the OKX exchange. This platform integrates Greeks.live's powerful analytics with the OKX marketplace, focusing on its options and derivatives products.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "GLVS.AI Trading Platform",
                "url": "https://www.glvs.ai/",
                "description": "An AI-powered platform for automated crypto options trading. Leverage advanced algorithms and data-driven signals to develop and deploy sophisticated, hands-free trading strategies.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "API Testnet & Sandbox",
                "url": "https://test.greeks.live",
                "description": "A dedicated testnet environment for developers to test their API integrations and automated trading strategies. This sandbox allows for full functionality testing without risking real funds.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        }
    ],
    "subOrganization": [
        {
            "@type": "Organization",
            "name": "GreeksLive HK Co., Limited",
            "email": "support@greeks.live",
            "telephone": "+852-56418949",
            "address": {
                "@type": "PostalAddress",
                "streetAddress": "Unit 11, 27/F, K. Wah Centre, 191 Java Road",
                "addressLocality": "Hong Kong",
                "addressRegion": "North Point",
                "addressCountry": "CN",
                "postalCode": "0000"
            },
            "geo": {
                "@type": "GeoCoordinates",
                "latitude": "22.2932357",
                "longitude": "114.2022026"
            },
            "image": "https://options.greeks.live/wp-content/uploads/2025/08/Wah-Centre-Hong-Kong.jpg"
        }
    ]
}
```

```json
{
    "@context": "https://schema.org",
    "@type": "Article",
    "mainEntityOfPage": {
        "@type": "WebPage",
        "@id": "https://options.greeks.live/news/bitcoin-backed-loans-reshape-traditional-lending-landscape/"
    },
    "headline": "Bitcoin-Backed Loans Reshape Traditional Lending Landscape \u25b4 News",
    "description": "The integration of Bitcoin as collateral in traditional lending frameworks represents a pivotal evolution, enhancing liquidity access for institutional portfolios. \u25b4 News",
    "url": "https://options.greeks.live/news/bitcoin-backed-loans-reshape-traditional-lending-landscape/",
    "datePublished": "2025-08-04T13:47:02+00:00",
    "dateModified": "2025-08-04T13:47:02+00:00",
    "articleSection": [
        "News"
    ],
    "author": {
        "@id": "https://greeks.live/#organization"
    },
    "publisher": {
        "@id": "https://greeks.live/#organization"
    },
    "image": {
        "@type": "ImageObject",
        "url": "https://options.greeks.live/wp-content/uploads/2025/07/prime-os-core-rfq-engine-for-digital-asset-derivatives-best-trade-execution.jpg",
        "caption": "A sophisticated, multi-layered metallic mechanism featuring intricate blue circuitry and a dark orb is depicted. This embodies the Prime RFQ intelligence layer, pivotal for institutional RFQ protocols in digital asset derivatives. It ensures high-fidelity execution by optimizing market microstructure for block trades, achieving price discovery via private quotation and aggregated inquiry. This system mitigates counterparty risk, supports portfolio margin for multi-leg spreads, and guarantees best execution and capital efficiency."
    },
    "keywords": [
        "Bitcoin-Backed Lending",
        "Capital Efficiency",
        "Collateralized Loans",
        "Decentralized Finance",
        "DeFi Protocols",
        "Digital Asset Integration",
        "Institutional Adoption",
        "Liquidity Access",
        "Market Structure",
        "Risk Management"
    ]
}
```

```json
{
    "@context": "https://schema.org",
    "@type": "WebSite",
    "url": "https://options.greeks.live/",
    "potentialAction": {
        "@type": "SearchAction",
        "target": "https://options.greeks.live/?s=search_term_string",
        "query-input": "required name=search_term_string"
    }
}
```


---

**Original URL:** https://options.greeks.live/news/bitcoin-backed-loans-reshape-traditional-lending-landscape/
