An AI infrastructure firm has secured an onchain loan of up to $500 million by using GPU hardware as tokenized collateral. According to reports, this method allowed the firm to bypass traditional banking systems, providing faster access to capital without the need for conventional credit checks. The development highlights the potential for tokenized assets to streamline financing in the technology sector, offering an alternative to traditional financial institutions.

An AI infrastructure firm has secured an onchain loan of up to $500 million by using GPU hardware as tokenized collateral. According to reports, this method allowed the firm to bypass traditional banking systems, providing faster access to capital without the need for conventional credit checks. The development highlights the potential for tokenized assets to streamline financing in the technology sector, offering an alternative to traditional financial institutions.