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Security at APX Lending
At APX Lending, security is our top priority. We implement market-leading protocols to safeguard your assets, data, and transactions on our crypto-backed lending platform.
Key Security Features:
Multi-Factor Authentication (MFA) on all borrower accounts
Advanced App & API Protection with firewalls.
Multi-Signature Requirement for fund transfers.
Collateral Stored with Qualified Custodians like BitGo.
MFA protects your account using IP monitoring and whitelisting, two-factor authentication (2FA), and email verification. This layered approach ensures access is limited to trusted users, providing strong protection against phishing, credential theft, and unauthorized access.
Cloudflare protects our platform with robust network and application security through DDoS protection, Web Application Firewall (WAF), secure content delivery, and advanced threat mitigation, ensuring high availability, performance, and resilience against cyber threats.
We use Fireblocks state-of-the-art MPC wallet technology with strict multi-party approval policies for fund transfers, ensuring secure transactions by eliminating single points of failure and protecting against fraud and insider threats.
Unless specified otherwise, your collateral is safeguarded with BitGo, which offers top-tier institutional-grade protection, multi-signature wallets, cold storage solutions, and advanced encryption protocols. This ensures best-in-class asset security, mitigates unauthorized access, theft, and operational risks while maintaining full compliance with industry standards.
Multi-Factor Authentication (MFA) on all borrower accounts
MFA protects your account using IP monitoring and whitelisting, two-factor authentication (2FA), and email verification. This layered approach ensures access is limited to trusted users, providing strong protection against phishing, credential theft, and unauthorized access.
Advanced App & API Protection with firewalls.
Cloudflare protects our platform with robust network and application security through DDoS protection, Web Application Firewall (WAF), secure content delivery, and advanced threat mitigation, ensuring high availability, performance, and resilience against cyber threats.
Multi-Signature Requirement for fund transfers.
We use Fireblocks state-of-the-art MPC wallet technology with strict multi-party approval policies for fund transfers, ensuring secure transactions by eliminating single points of failure and protecting against fraud and insider threats.
Collateral Stored with Qualified Custodians like BitGo.
Unless specified otherwise, your collateral is safeguarded with BitGo, which offers top-tier institutional-grade protection, multi-signature wallets, cold storage solutions, and advanced encryption protocols. This ensures best-in-class asset security, mitigates unauthorized access, theft, and operational risks while maintaining full compliance with industry standards.
Our Expertise
The APX Lending team brings over two decades of combined experience in building secure, scalable, and compliant blockchain technology. Our team previously ran one of Canada’s largest regulated crypto-trading platforms. To date, we have had zero infiltration incidents and zero client collateral loss, demonstrating our ongoing commitment to security.
Segregated Cold Storage
Unless specified otherwise, your collateral is securely stored in segregated and insured cold wallets with BitGo, a leading crypto custodian. These wallets are not co-mingled, and allowing your collateral to be visible on the blockchain for the duration of your loan.
Penetration Testing
We undergo regular penetration testing by one of the world’s most respected security firms. This thorough testing ensures that both our front-end and back-end systems are free from vulnerabilities, further enhancing the integrity of our platform.
Your Account Security
Protecting your account is a top priority for us. All active loan accounts are secured with multi-factor authentication (MFA). Additionally, we continuously monitor account activity to quickly identify and mitigate any potential account takeovers or suspicious activity.
Insured Crypto Funds
Collateral held with BitGo is insured up to $250M, underwritten by Lloyd’s of London, offering industry-leading protection for your assets. We also hold a Financial Institution Bond to further protect our clients against internal fraud or theft.
Assets Held by a Regulated Crypto Custodian
APX Lending has partnered with BitGo, an industry-leading, crypto custodian trusted by the U.S. government and major crypto businesses worldwide. BitGo provides unparalleled wallet security and custodial services to ensure the protection of your assets.
Registered with Regulatory Bodies
APX Lending is committed to adhering to regulatory frameworks in all markets we serve. We are registered with FinCEN in the U.S. and FINTRAC in Canada. Additionally, we have applied for relief from registration requirements with the Ontario Securities Commission. Our application is currently pending review.
Leading Industry Partners
Leading Investors
Frequently Asked Questions
What Steps Does APX Lending take to Secure My Crypto?
APX Lending uses a multi-pronged approach to securing your crypto. Unless specified otherwise, your collateral is stored with BitGo, a leading crypto custodian, which requires multi-signature approval for any fund movement and offers up $250M in insurance.
Why Does APX Lending Not Accept Other Cryptocurrencies?
APX Lending is always assessing other cryptocurrency projects for their use as collateral. However, given current market conditions, only Bitcoin (BTC) and Ethereum (ETH) meet our risk assessment.
How is My Data Protected?
Your data is encrypted and anonymised wherever possible, and our API harnesses the latest firewall technology to prevent breaches. APX Lending handles your data in full compliance with PIPEDA (Personal Information Protection and Electronic Documents Act) requirements in Canada
Can I Make a Data Request?
Yes, APX Lending complies with data requests in the US and Canada, and you are able to exercise any statutory rights regarding your personal data.
My Crypto Loan is Through a Third Party Backed by APX – Do I Have the Same Protections?
If your loan is through one of our approved white-label partners and your loan agreement is signed with APX Lending, you will have all of the protection a direct APX Lending borrower enjoys.
Is APX Lending SOC 2 Certified?
APX Lending is the only SOC 2 Type 1 certified crypto-backed lender, verified by the Canadian Lenders Association. This certification highlights our unwavering commitment to maintaining high standards of data security and demonstrates the robust measures we take to safeguard your sensitive information.
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Licencias:
FinCEN: 31000248116781
FINTRAC: M23366277