APX Lending has achieved significant regulatory approval from the Canadian Securities Administrators (CSA), making it the first crypto-backed lender in Canada.
New CSA Approval
On April 1, 2025, the Canadian Securities Administrators (CSA) granted APX Lending relief from certain registration and prospectus requirements, positioning it as the first crypto-backed lender in Canada. This decision allows the company to provide liquidity solutions using digital assets as collateral with strict compliance to regulatory directives.
Growth of Crypto Lending Market
The global crypto-backed lending market is projected to exceed $45 billion by 2030. APX Lending is poised to lead in this space by offering users the ability to deposit Bitcoin or Ethereum and secure flexible loan terms. With a robust risk management framework, the company ensures transparency and security for both retail and institutional borrowers.
Plans for Global Expansion
Beyond its core platform, APX Lending is seeing increased interest in its white-label solutions, allowing financial institutions to integrate crypto-backed lending into their offerings. With this CSA approval, the company plans to expand its services to the US, Australia, New Zealand, and other global markets.
The CSA's approval marks a substantial step towards integrating cryptocurrencies into mainstream finance. APX Lending continues to develop secure and compliant crypto lending solutions, expanding its reach to international markets.
