APX Lending — Segregated Bitcoin-Backed Loan Platform

APX Lending is a Canadian crypto-collateral lender serving individuals and businesses in Canada and eligible US customers. Its current terms allow borrowers to pledge bitcoin or ether at 20% to 60% initial loan-to-value, with maturities from three to 60 months and fixed rates beginning at 9.99% APR. Canadian minimums start at C$10,000 or the USDC equivalent, while the US minimum is $25,000 in USDC; larger business and treasury facilities can exceed $10 million. APX states that each collateral position is kept in a dedicated BitGo Trust cold-storage wallet, is visible onchain, carries access to BitGo's stated insurance program, and is never pooled, re-lent, or rehypothecated. The lender does not run a conventional credit check. USDC funding can occur after collateral confirmation, while Canadian-dollar wires typically take longer. APX publishes registration information for FINTRAC and FinCEN and an approval order under the Canadian Securities Administrators framework. Availability and exact protections depend on the customer entity and signed agreement.