APX Lending Secures $20M Funding Amid ‘Rising Demand’ for Crypto-Backed Loans in Canada
APX received exemptive relief from the Canadian Securities Administrators (CSA) at the start of this month.
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Crypto Lending
APX received exemptive relief from the Canadian Securities Administrators (CSA) at the start of this month.
As traditional investment products face declining yields, savvy asset managers must consider emerging opportunities within the cryptocurrency space to meet growing client demand.
Bitcoin’s emergence in collateral structures has the potential to revolutionize the lending landscape. Its ability to mitigate credit risk amid escalating uncertainties highlights its transformative power.
The platform witnessed a 29.8% jump in retail lending between the first and second quarters.
Cantor Fitzgerald CEO Howard Lutnick (Danny Nelson/CoinDesk)
The Global Financial Crisis reduced the depth of capital markets. Blockchain-based stablecoins can help fill the gap, say Christine Cai and Sefton Kincaid, of Cicada Partners.