APX Lending Announces Plans for Canada's First Bitcoin-Backed Mortgages
APX Lending has announced it will launch Canada's first regulated Bitcoin-backed mortgage product, with a rollout expected in Q1 2027. The initiative aims to allow cryptocurrency holders to use their Bitcoin as collateral for home purchases, eliminating the need to sell assets and trigger capital gains taxes to fund down payments. The company is addressing a growing market where approximately 25% of Canadians now own crypto. To manage the volatility associated with digital assets, APX has developed an automated risk management system that utilizes institutional-grade custody through BitGo Trust and features a unique liquidation protocol designed to preserve as much client collateral as possible during market fluctuations.
Topics: Bitcoin-backed mortgages Crypto lending Digital Assets Real Estate Finance