APX Lending, a Canadian regulator-approved digital asset lending platform, has launched a five-year revolving line of credit that allows borrowers to use Bitcoin, Ethereum or a combination of both as collateral.
The facility allows eligible clients to establish a credit line once and then draw, repay and redraw funds as their needs change. Interest is charged only on the amount drawn, with no interest applied to unused credit.
The line of credit has no origination, prepayment or liquidation fees, while client collateral is covered by insurance of up to $250m. Annual interest rates range from 10.49% to 11.99%, depending on the outstanding balance.
Unlike APX’s existing fixed-term loans, which use either Bitcoin or Ethereum as collateral, the new facility allows both digital assets to be combined when calculating borrowing capacity.
For example, a borrower holding $200,000 in Bitcoin and $100,000 in Ethereum could use the combined $300,000 value to support a single facility. At a 60% loan-to-value ratio, this would provide up to $180,000 in borrowing capacity.
The available credit adjusts as the market value of the underlying digital assets changes. The launch expands APX’s digital asset lending offering, which includes fixed-term loans, revolving credit and a Lending-as-a-Service platform. The latter allows financial institutions and FinTechs to offer digital asset-backed lending products without building the underlying infrastructure themselves.
APX’s lending platform includes segregated cold-storage custody through BitGo Trust, with client assets not rehypothecated, alongside 24/7 on-chain collateral verification and automated risk management.
Its 90/85 Standard is designed to limit liquidations by reducing loan-to-value from 90% to 85%, rather than liquidating more collateral than required. The company’s security programme is supported by SOC 2-audited controls.
Founded in 2023, APX Lending provides digital asset-backed loans directly to borrowers and supports partner-branded lending products through its Lending-as-a-Service platform. The company combines technology, underwriting, capital, collateral management, servicing and compliance within its lending infrastructure.
APX said it was the first digital asset-backed lender approved by Canadian securities regulators and is registered with FINTRAC and FinCEN. The new Line of Credit is available to eligible borrowers in supported jurisdictions.
APX Lending founder and CEO Andrei Poliakov said, “At APX, we’re constantly asking how credit against digital assets can be made safer, more flexible and better for the borrower. A revolving line of credit is something our clients have asked us for repeatedly. You may need money for a purchase today, an investment three months from now and a business expense later in the year. You shouldn’t have to start a new loan every time. We built the Line of Credit so you establish the facility once, then draw, repay and redraw as your needs change.”
Poliakov added, “Digital assets do not need to live in a separate corner of finance. The people using them want the same things everyone else wants: access to financial products that give them greater freedom and control over their lives, confidence that their assets are safe, complete transparency into who they are dealing with, and a system they can rely on when they need it. We have spent years building APX around that idea, because trust is what ultimately brings these two worlds together.”
The launch comes as digital asset infrastructure providers continue to develop products designed to connect digital assets with more traditional financial services, including lending and credit.
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