APX Lending provides compliant, crypto-backed lending services for individuals and institutions using Bitcoin or Ethereum as collateral. Borrowers receive fiat or USDC liquidity without selling assets, credit checks, or incurring taxable events. The platform emphasizes security through segregated, insured cold storage custody and transparent, real-time LTV management tools.
Funding
Funding not disclosed
Founders
Product
Problem
Individuals and businesses seeking liquidity often face the dilemma of selling valuable digital assets, which can trigger capital gains taxes and forfeiture of future appreciation. Traditional lending institutions typically do not accept cryptocurrency as collateral, and decentralized finance (DeFi) platforms can present risks related to smart contract vulnerabilities, impermanent loss, and regulatory uncertainty.
Solution
APX Lending provides a regulated platform for obtaining fiat-denominated loans by leveraging Bitcoin and Ethereum as collateral. This service allows users to access capital without liquidating their digital assets, thereby avoiding immediate tax liabilities and retaining potential upside. The platform emphasizes security through institutional-grade custody solutions, including insured cold storage, and operates under a compliant framework, offering a centralized finance (CeFi) alternative to DeFi. Loan applications are processed efficiently, with funds typically disbursed within 24 hours, and no credit checks are required.
Target Audience
The primary target audience includes individuals and businesses holding significant amounts of Bitcoin or Ethereum who require liquidity without selling their assets, as well as financial institutions seeking to offer compliant crypto-backed lending products.
Features
- Crypto-backed lending against Bitcoin and Ethereum for fiat currency access.
- Loan-to-value (LTV) ratios configurable from 20% to 60%.
- Loan terms available from 3 months up to 5 years.
- Fixed interest rates starting as low as 9.99%.
- Collateral held in segregated, cold storage wallets with BitGo, insured up to $250 million.
- SOC 2 audited security and compliance framework.
- Registration with FINTRAC (Canada) and FinCEN (US).
- Exemptive Relief from the Canadian Securities Administrators (CSA).
- No credit checks or impact on personal credit scores.
- Option to withdraw excess collateral or top up collateral to manage LTV.
- White-label solutions with API integration for financial institutions.