APX Lending Launches Five-Year Bitcoin and Ethereum-Backed Line of Credit
APX Lending has launched a five-year revolving line of credit that allows clients in Canada to borrow against their holdings of Bitcoin or Ethereum. The product is designed for flexibility, enabling users to repay principal at any time and redraw funds as needed without facing origination, prepayment, or liquidation fees. The new offering expands APX's digital-asset-backed lending platform, which now includes fixed-term loans and Lending-as-a-Service solutions. Borrowers can use both Bitcoin and Ethereum together for collateral calculations, with interest rates ranging from 10.49% to 11.99%. The company emphasizes its focus on building a regulated infrastructure that supports safe and scalable digital asset lending. APX's solution includes institutional-grade custody through BitGo Trust cold-storage wallets and up to $250 million in collateral insurance coverage, reinforcing the security of client assets.
Topics: Bitcoin digital assets Ethereum regulated lending revolving credit