Delivering on the promise of digital assets like cryptocurrency requires financial infrastructure people actually trust and use, according to APX Lending, a Canadian company determined to bridge the gap between traditional finance and modern innovation.
Launched in 2023 at the Futurist Blockchain Conference, Toronto’s APX is Canada’s first regulated digital-asset credit infrastructure company.
The company was founded by the team behind Coinberry, a Canadian licensed crypto exchange acquired by Vancouver-based WonderFi.
This month, APX launched a novel Line of Credit offering as part of its lineup of digital-asset-backed loan products.
The APX Line of Credit is designed for the reality that those needs often evolve over time, rather than arriving as a single transaction, according to a statement from the Canadian fintech, which notes its product lineup now spans fixed-term lending, revolving credit, and Lending-as-a-Service.
“At APX, we’re constantly asking how credit against digital assets can be made safer, more flexible, and better for the borrower,” says Andrei Poliakov, Founder and chief executive officer of APX Lending.
“A revolving line of credit is something our clients have asked us for repeatedly,” he noted.
Through APX, clients can establish a five-year revolving facility that lets them borrow against Bitcoin and Ethereum, repaying principal when they choose and redrawing available credit as needs change.
Interest accrues only on the amount drawn, while available credit changes dynamically based on the current market value of the collateral and the amount already drawn.
“You may need money for a purchase today, an investment three months from now and a business expense later in the year; You shouldn’t have to start a new loan every time,” he says.
“We built the Line of Credit so you establish the facility once, then draw, repay, and redraw as your needs change,” Poliakov stated.
Operating with a regulated framework built specifically for digital-asset-backed lending, APX promises institutional-grade custody and insurance as well as the ability to independently verify collateral on-chain at any time.
Last month, APX Lending unveiled a new liquidation model designed to preserve as much borrower collateral as possible while protecting the loan during market volatility.
“Digital assets do not need to live in a separate corner of finance,” posits Poliakov. “The people using them want the same things everyone else wants: access to financial products that give them greater freedom and control over their lives, confidence that their assets are safe, complete transparency into who they are dealing with, and a system they can rely on when they need it.”
“We have spent years building APX around that idea, because trust is what ultimately brings these two worlds together,” Poliakov said.
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