{"id":21690,"date":"2025-04-11T14:01:45","date_gmt":"2025-04-11T14:01:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21690"},"modified":"2025-04-11T14:01:45","modified_gmt":"2025-04-11T14:01:45","slug":"apx-lending-secures-20m-funding-amid-rising-demand-for-crypto-backed-loans-in-canada","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21690","title":{"rendered":"APX Lending Secures $20M Funding Amid ‘Rising Demand’ for Crypto-Backed Loans in Canada"},"content":{"rendered":"
\n

Crypto-backed loan provider APX Lending has secured a $20 million accordion facility from Cypress Hills, a private credit investment firm.<\/p>\n

An accordion facility is a provision that allows a borrower to increase their borrowing without renegotiating the entire agreement. In effect, it expands like an accordion.<\/p>\n

Toronto-based APX, which offers lending with digital assets as collateral, plans to use the facility to accelerate its expansion in Canada to meet rising demands for crypto-backed loans, according to an emailed announcement shared with CoinDesk on Friday.<\/p>\n

\u201cThis accordion facility from Cypress Hills marks a major step forward in our mission to make crypto-backed loans transparent, secure, and accessible to Canadians,” founder and CEO Andrei Poliakov said in the announcement. <\/p>\n

APX received exemptive relief from the Canadian Securities Administrators<\/a> (CSA) at the start of this month, exempting it from certain registration and prospectus requirements, which the firm said “would address investor concerns in [a] retail context.”<\/p>\n

The exemption was granted “based on the particular facts and circumstances of the application with the objective of fostering innovative businesses in Canada,” according to a note on the Ontario Securities Commission (OSC) website<\/a>.<\/p>\n

Digital asset lending has a somewhat chequered history, with various lenders collapsing amid the onset of the crypto winter in 2022<\/a>. However, the now more favorable regulatory attitude to crypto in the U.S. could help transform it into a vibrant and competitive market, according to another crypto lender Ledn’s co-founder Mauricio Di Bartolomeo.<\/p>\n

Di Bartolomeo predicted that Washington’s friendlier approach to crypto would help rates fall<\/a>, the effect of which would be evident beyond the U.S.<\/p>\n

\u201cGold in a vault in Switzerland is not gold in a vault in Venezuela, but bitcoin in Colombia is bitcoin in Madrid is bitcoin anywhere in the world,” he told CoinDesk in a recent interview.<\/p>\n

Andrei Poliakov will be speaking<\/a> at CoinDesk’s Consensus 2025 in Toronto on May 14-15. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto-backed loan provider APX Lending has secured a $20 million accordion facility from Cypress Hills, a private credit investment firm. An accordion facility is a provision that allows a borrower to increase their borrowing without renegotiating the entire agreement. In effect, it expands like an accordion. Toronto-based APX, which offers lending with digital assets as […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-21690","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21690"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21690\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}