The new product allows borrowers to establish a single facility, eliminating the need to apply for new loans repeatedly. Interest rates for the revolving credit range between 10.49% and 11.99%, depending on the outstanding balance. Notably, the firm has eliminated origination, prepayment, and liquidation fees to increase flexibility for users who need to draw, repay, and redraw funds as their financial circumstances shift.
APX Lending Debuts Revolving Credit Facility for Bitcoin and Ethereum
Toronto-based APX Lending has launched a five-year revolving line of credit that allows clients to borrow against Bitcoin and Ethereum holdings. The facility, which provides up to $250 million in collateral insurance, aims to bridge the gap between digital assets and traditional financial liquidity requirements.
Unlike previous fixed-term offerings, this facility permits the combination of Bitcoin and Ethereum to determine borrowing capacity. Collateral is held in segregated cold-storage wallets through BitGo Trust. To manage market volatility, APX employs a 90/85 risk management standard, which triggers partial liquidations only when necessary to reduce the loan-to-value ratio, rather than a full liquidation of assets. The company operates under a regulated framework in Canada and is registered with both FINTRAC and FinCEN, positioning its infrastructure as a secure alternative to unregulated lending platforms.
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