APX Lending plans Bitcoin-backed mortgages in Canada

APX Lending is planning to offer Bitcoin-backed mortgages in Canada, according to a report originally published by Grafa. The planned product would bring Bitcoin into a residential lending context, where mortgages are typically secured by real estate and assessed through established underwriting processes.

Bitcoin-backed lending generally refers to loans that use Bitcoin as collateral, allowing holders to seek financing without necessarily selling their holdings. The structure, collateral requirements, custody arrangements and borrower protections for any mortgage offering can vary significantly by lender and product design.

The proposal highlights the continued expansion of crypto-linked financial products beyond trading and investment services. In Canada, mortgage lending and consumer financial services operate within a regulated environment, while products involving crypto assets may also raise questions around collateral valuation, volatility, custody and disclosure.

APX Lending’s plans would place Bitcoin-backed borrowing alongside a broader market interest in using digital assets as collateral. Details on the timing, eligibility criteria and final terms of the planned Canadian mortgages were not provided in the available report.