Atomic Loans
“Can crypto-native, non-custodial collateralized lending replace custodial Bitcoin lenders?”
IndustryFintech / Crypto
The story
Atomic Loans was a non-custodial Bitcoin-backed lending protocol that let users borrow Ethereum-based USD stablecoins against BTC collateral locked via native Bitcoin scripts. The product was live on mainnet by 2020 but the atomicloans.io domain currently resolves to an unrelated gambling site, suggesting the company has wound down or abandoned the domain. The evidence trail ends in 2020 with the last Wayback capture showing the original lending product.
Last 12 months
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Product timeline
2019
Atomic Loans publishes RFC specifications for cross-chain collateralized loans (BTC collateral, ETH stablecoin borrow) on GitHub.· lending
2020
Borrowing on mainnet goes live — non-custodial Bitcoin-backed loans using native Bitcoin scripts.· lending
The stack
2 layers disclosed in Atomic Loans’s embedded-finance stack
Lending
Atomic Loans (Bitcoin-collateralized stablecoin loans, non-custodial)
Crypto
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.