APX Lending has announced a significant regulatory milestone, receiving approval from the Ontario Securities Commission (OSC) to offer loans denominated in USD Coin (USDC) across Canada. This approval, which acts under the Canadian Securities Administrators Passport System, allows the company to expand its lending services nationwide.
This recent decision marks an evolution of the framework established by the Canadian Securities Administrators in 2025, which initially permitted regulated lending backed by Bitcoin and Ethereum. Now, the inclusion of USDC loans signals a broader acceptance of stablecoin-backed financial services within a regulated environment.
Founded by Andrei Poliakov, who also co-founded Coinberry, one of Canada”s earliest regulated cryptocurrency trading platforms, APX Lending aims to bridge the gap between traditional finance and the burgeoning crypto sector. “This approval allows us to bring USDC crypto-backed loans to clients across Canada under a clear and harmonized regulatory framework,” Poliakov stated. He emphasized that APX Lending stands as the first regulator-approved platform for crypto-backed lending in Canada.
Designed primarily for long-term digital asset holders, APX Lending enables borrowers to access liquidity while retaining ownership of their Bitcoin or Ethereum. The platform is committed to offering competitive and transparent pricing, with tiered interest rates that are structured to remain globally competitive.
Client collateral is securely managed in insured, cold-storage wallets maintained by qualified third-party custodians. Borrowers can access real-time proof-of-custody to ensure their assets are protected throughout the loan period. The company also emphasizes a disciplined approach to risk management, with strict loan-to-value controls in place.
“Crypto-backed lending carries real risk when companies operate outside regulatory oversight,” Poliakov noted, reinforcing the importance of compliance and governance within the crypto lending space. This expanded approval replaces a previous decision from April 1, 2025, allowing APX Lending to enhance its operational capabilities nationwide.
Furthermore, APX Lending is not just focused on retail borrowers; it offers a comprehensive white-label solution that enables global partners to provide crypto-backed lending under their own brands. By leveraging APX”s regulatory-approved infrastructure, partners can efficiently deliver compliant digital asset lending solutions.
Headquartered in Toronto, APX Lending is at the forefront of regulated digital asset credit services, advancing compliant lending practices across Canada and potentially influencing global standards. For more information on their offerings, visit APX Lending”s website.
