Eligible Collateral

Assets we work with

Asset	Profile
BTC Bitcoin	Deepest market and the longest terms available. The reference asset for the programme.
ETH Ethereum	Broad institutional coverage. Sizing and terms close behind BTC.
BNB BNB	Shorter terms and tighter sizing, reflecting a thinner derivative market.
Other major assets	Reviewed case by case on liquidity, derivative depth and custody support.

Why terms differ by asset

Every quote is a function of the market that sits behind it. A collar can only be priced if the options on that asset can actually be traded at size, at the tenor required, without moving the market against the client.

That produces a simple relationship:

• Deeper, steadier markets support larger amounts, longer commitments and more room between the protection level and the level above which gains are shared.

• Thinner markets support smaller amounts, shorter terms, and less generous levels because the premium available is smaller and harder to harvest.

Bima quotes each asset on its own merits rather than applying one set of terms across the board.

What determines your specific terms

Input	Effect
Asset	Sets the outer bounds of size, tenor and achievable levels.
Size of deposit	Larger programmes are typically deployed in tranches on a rolling basis rather than all at once.
Term length	Longer terms generate more premium but commit the position for longer.
Protection level	Where your downside exposure begins. Lower protection generally means more capital or better upside participation, and vice versa.
Agreed level (participation cap)	The level above which appreciation is shared. Set higher, and you keep more upside but receive less capital.
Market conditions on the day	Implied volatility and the funding curve on the pricing date. Terms reflect conditions on that day and are then fixed.

Every one of these is agreed and documented before any asset moves, and cannot be changed mid-term by either side.

Scale and delivery

$300M+	Current programme size
$1B	Capacity as programmes expand
Tranches	Deployed in stages on a rolling basis, not all at once

Tranching is deliberate. Pricing a very large collar in a single execution moves the market against the client. Deploying in stages spreads execution risk, averages entry levels across time, and lets a programme scale without the size itself becoming the main cost.

Roadmap collateral

The financing engine is designed to extend beyond native digital assets. Collateral types under development include SOL, security tokens, tokenised real-world assets and treasuries. These are roadmap items and are not live in the programme today.