At Consensus 2025, APX Lending CEO Andrei Poliakov sat down with George Bordianu, co-founder and CEO of Balance, to announce a first-of-its-kind crypto lending partnership in Canada. The two discussed how clients can now borrow against their crypto holdings while keeping their assets secure with an approved Canadian custodian.
Note: The video was recorded on the go, using just a phone in hand to keep things real and in the moment.
Introducing Balance – A Trusted Name in Crypto Custody
George: Thanks so much for having me here. As Andrei mentioned, I’m the co-founder and CEO of Balance. We’re Canada’s oldest and largest digital asset custodian, operating since 2017. Most recently, we became a qualified Canadian and U.S. custodian through our trust company licensed under Alberta’s Treasury Board and Finance.
What This Partnership Means for Crypto Holders
Andrei: Let’s talk about what this partnership means. George, can you explain how crypto-backed lending works in collaboration with a custodian?
George: Absolutely. For years, we’ve served high-net-worth individuals, family offices, and even retail clients who want more from their assets than just safekeeping. They want liquidity—whether that’s borrowing, selling, staking, or lending.
With APX Lending, we finally have an approved crypto lending platform in Canada. What’s exciting is that we’ve integrated directly with APX. That means our existing and prospective clients can now access fiat loans—Canadian dollar-denominated—without liquidating their crypto and triggering a tax event.
A Flexible, Transparent Lending Model
George: Most international lenders offer rigid loan structures. Once you agree to their terms, you’re locked in—even if the market moves. What APX has built is more like a personalized line of credit. If your Bitcoin or Ethereum appreciates, you can unlock more collateral. If you want to pay down part of your loan early, that’s also possible. It’s flexible and user-friendly.
Custody Without Compromise
George: What’s most unique is that clients don’t need to transfer assets out of Balance. The collateral remains in cold storage with us, under the same security and oversight they already trust. There’s no additional chain of custody. That’s a big deal, especially for clients who have done their diligence on us and rely on our infrastructure.
Final Thoughts
Andrei: If you're a Balance depositor or custodian client and you’re looking to borrow against your crypto in Canadian dollars, check out our partnership with Balance. We’d be happy to support you.
George: We’re proud to support what APX is building. This is just one of many steps toward making secure, approved crypto lending a real option in Canada.
APX Lending is a crypto-backed lender operating in the US, Canada, and globally. APX Lending does not offer financial or tax advice. We strongly encourage you to consult with a certified financial or tax professional for guidance on any related inquiries you may have.
At Consensus 2025, APX Lending CEO Andrei Poliakov sat down with George Bordianu, co-founder and CEO of Balance, to announce a first-of-its-kind crypto lending partnership in Canada. The two discussed how clients can now borrow against their crypto holdings while keeping their assets secure with an approved Canadian custodian.
Note: The video was recorded on the go, using just a phone in hand to keep things real and in the moment.
Introducing Balance – A Trusted Name in Crypto Custody
George: Thanks so much for having me here. As Andrei mentioned, I’m the co-founder and CEO of Balance. We’re Canada’s oldest and largest digital asset custodian, operating since 2017. Most recently, we became a qualified Canadian and U.S. custodian through our trust company licensed under Alberta’s Treasury Board and Finance.
What This Partnership Means for Crypto Holders
Andrei: Let’s talk about what this partnership means. George, can you explain how crypto-backed lending works in collaboration with a custodian?
George: Absolutely. For years, we’ve served high-net-worth individuals, family offices, and even retail clients who want more from their assets than just safekeeping. They want liquidity—whether that’s borrowing, selling, staking, or lending.
With APX Lending, we finally have an approved crypto lending platform in Canada. What’s exciting is that we’ve integrated directly with APX. That means our existing and prospective clients can now access fiat loans—Canadian dollar-denominated—without liquidating their crypto and triggering a tax event.
A Flexible, Transparent Lending Model
George: Most international lenders offer rigid loan structures. Once you agree to their terms, you’re locked in—even if the market moves. What APX has built is more like a personalized line of credit. If your Bitcoin or Ethereum appreciates, you can unlock more collateral. If you want to pay down part of your loan early, that’s also possible. It’s flexible and user-friendly.
Custody Without Compromise
George: What’s most unique is that clients don’t need to transfer assets out of Balance. The collateral remains in cold storage with us, under the same security and oversight they already trust. There’s no additional chain of custody. That’s a big deal, especially for clients who have done their diligence on us and rely on our infrastructure.
Final Thoughts
Andrei: If you're a Balance depositor or custodian client and you’re looking to borrow against your crypto in Canadian dollars, check out our partnership with Balance. We’d be happy to support you.
George: We’re proud to support what APX is building. This is just one of many steps toward making secure, approved crypto lending a real option in Canada.
APX Lending is a crypto-backed lender operating in the US, Canada, and globally. APX Lending does not offer financial or tax advice. We strongly encourage you to consult with a certified financial or tax professional for guidance on any related inquiries you may have.
%201%20(3).png)
.png)
.webp)
