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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.

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Key Security Features:

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

Advanced App & API Protection with firewalls.

Multi-Signature Requirement for fund transfers.

Collateral Stored with Qualified Custodians like BitGo.

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 qualified custodian. These wallets are not co-mingled, and your collateral is fully visible on the blockchain for verification throughout 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

APX Lending’s crypto collateral held with BitGo is insured up to $250 million, underwritten by Lloyd’s of London, offering industry-leading protection for your assets. We also hold a Financial Institution Bond, compliant with National Instrument 31-103 in Canada, to further protect clients against fraud.

Assets Held by a Qualified Custodian

APX Lending partners with BitGo, an industry-leading, qualified 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 are working with the OSC to gain authorization to offer crypto-backed loans in Canada. As we continue to expand internationally, we remain dedicated to providing fully compliant and secure crypto-backed lending solutions worldwide.

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, all funds are stored with a qualified custodian, require multiple signatures for any fund movement and are insured up to $250m.

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, you will have all of the protection a direct APX 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.

Accounts with APX Inc are not protected by the Canadian Investor Protection Fund, the Canadian Deposit Insurance Corporation, Securities Investor Protection Corporation or any other investor protection insurance scheme nor afforded protections under the Federal Deposit Insurance Corporation (FDIC) or the Securities Investor Protection Corporation (SIPC) in the United States.
The information, opinions, views, or materials posted on or made available through the APX Platform provided by APX Inc. (together with its subsidiaries and affiliates, “APX”), social media, podcast, or any other medium containing content provided by APX (collectively, the “Materials”) are intended for general information, discussion, or educational purposes only and are not to be construed or relied upon as constituting legal, financial, investment, trading, accounting, tax, estate-planning, or other professional advice or any form of recommendation.
For details on how to submit a complaint, please visit our complaints page.