Supporting the Next Chapter of Secure Crypto Lending

APX Lending is pleased to announce the successful securing of a $20 million accordion credit facility from Cypress Hills, a private credit investment firm. This facility enables APX Lending to accelerate the expansion of its crypto-backed loan offerings in Canada, providing access to secure, compliant liquidity using Bitcoin or Ethereum as collateral.

“This accordion facility from Cypress Hills marks a major step forward in our mission to make crypto-backed loans transparent, secure, and accessible to Canadians,” said Andrei Poliakov, Founder and CEO of APX Lending.

What is an Accordion Facility?

An accordion facility allows a borrower to increase the size of a loan without renegotiating the original credit agreement, offering flexibility to scale responsibly. In APX Lending’s case, this means greater access to capital without compromising security or compliance, especially as demand continues to rise in Canada and beyond.

Continued Regulatory Momentum

This funding milestone follows a landmark announcement earlier this month: APX Lending became the first crypto-backed loan provider in Canada to receive exemptive relief from the Canadian Securities Administrators (CSA). The CSA’s decision exempts APX Lending from certain registration and prospectus requirements, acknowledging the company’s institutional-grade approach to risk management, custody, and transparency.

“Crypto-backed lending should be safe, secure, and simple to access,” said Poliakov. “This decision by Canadian regulators helps bring crypto further into the mainstream — it’s a major step toward building a globally compliant crypto-backed lending ecosystem.”

Meeting Demand with Secure, Transparent Loans

From individuals looking for liquidity to institutions seeking capital efficiency, APX Lending’s platform enables borrowers to:

• Borrow without selling their Bitcoin or Ethereum

• Maintain ownership of their crypto assets during the loan

• Access liquidity without triggering a taxable event at origination

• Secure loans backed by segregated, insured cold-storage collateral

• Choose flexible terms and competitive interest rates

With the new funding and recent CSA exemption, APX Lending is positioned to serve even more Canadian borrowers, helping unlock crypto’s financial potential while maintaining industry-leading security and compliance standards.

Expanding Across Canada and Beyond

APX Lending continues to grow internationally with ongoing expansion efforts in:

• Canada

• United States

• Australia & New Zealand (via JV with Butn Ltd)

• Asia-Pacific markets

• South America

The company is also seeing increased interest in its white-label crypto lending infrastructure, designed for financial institutions, banks, and fintech platforms.

‍About APX Lending

Founded by Andrei Poliakov, co-founder of Coinberry, APX Lending is a secure and compliant global platform for crypto-backed loans. The company is registered with FINTRAC (Canada) and FinCEN (U.S.), SOC 2 compliant, and the first crypto lender in Canada with exemptive relief from the CSA.

To learn more, visit our About Us