A prototype for credit without selling bitcoin.
Iron is a public prototype for a planned non-custodial bitcoin-backed credit card. The design target is a collaborative-multisig credit line that lets a borrower spend dollars while retaining a key to the bitcoin collateral.
Current status: Iron is a prototype and waitlist. No card, credit line, issuer agreement, lending facility, licensed local rail, customer balance or production transaction is signed or live.
Operator
Adam Pang builds Iron in public with a second technical operator founder and input from the Network School and bitcoin communities. The public repository records the product thesis, risk rules, design work and simulated prototype.
The project has no verified customer revenue, active cardholder or completed lending receipt in its evidence file as of August 31, 2026. Iron does not present a partner relationship that has not been signed.
Product boundary
The target product requires licensed issuance and local payment rails, KYC and AML controls, transparent overcollateralization, a disclosed price feed, collaborative custody and no rehypothecation before customer launch.
Nothing on this public website is an offer to lend, issue a card, accept bitcoin custody or provide financial, tax or investment advice. The interactive pages demonstrate planned mechanics with simulated balances and transactions.