TORONTO, Aug. 13, 2024 /PRNewswire/ -- APX Lending, a
pioneer in compliant crypto-backed lending, is proud to announce
two significant developments that underscore its commitment to
innovation and market leadership. At the Blockchain Futurist
Conference 2024 in Toronto,
Canada, CEO Andrei Poliakov
announced the company's expansion into the United States, where it now serves
comfmercial borrowers across 30 states, and unveiled APX Lending's
new White Label Solution designed for banks, credit unions,
lenders, and fintech companies.
Expansion into the US Market
APX Lending is pleased to announce that it has expanded its
services to commercial borrowers across 30 U.S. states, offering
loans from $1,000 to $10 million, with retail lending coming soon.
This strategic move targets the $4
billion U.S. crypto-backed lending market. The company is
committed to maintaining its high standards of security and
compliance, with collateral held in segregated and insured cold
storage wallets and visible to borrowers on the blockchain
throughout the loan term.
Introducing the APX Lending White Label Solution
In addition to the U.S. expansion, APX Lending has unveiled its
White Label Solution—a comprehensive, fully managed platform that
enables financial institutions to offer their own branded
crypto-backed lending services with minimal overhead. Built on APX
Lending's 100% proprietary technology, the platform is designed
with high availability, customizable branding, and robust API
integration to ensure seamless adoption. The solution also features
advanced security protocols, including role-based access control,
out-of-the-box Web Application and API Protection (WAAP), and
custom reporting capabilities, all backed by dedicated support from
APX Lending.
These announcements strengthen APX Lending's role as a leading
provider in the global crypto-backed lending industry, offering
innovative solutions that cater to the changing needs of both
businesses and institutions.
Notable Quotes for Media Reference:
- "As we continue to innovate and expand in Canada and the US, our focus remains on
delivering cutting-edge crypto-backed lending solutions with the
highest standards of security and compliance. This commitment sets
APX Lending apart globally. We're excited to now serve commercial
borrowers across 30 states and look forward to expanding into the
retail sector soon." - Andrei
Poliakov, CEO of APX Lending
- "Our technology and compliance expertise make us uniquely
positioned to offer a white label solution that is both robust and
adaptable. We are excited to collaborate with financial
institutions worldwide, helping them to seamlessly enter the
crypto-backed lending space with confidence and security." -
Andrei Poliakov, CEO of APX
Lending
About APX Lending
APX Lending (www.apxlending.com), registered with both FINTRAC and
FinCEN, is a crypto-backed lending platform that provides
compliant, safe, and secure Bitcoin and Ethereum-backed loans to
individuals and institutional clients across Canada and the
United States. With a focus on security and regulatory
compliance, APX Lending has become a trusted partner in the digital
asset lending space. The company also offers a robust white label
solution, empowering banks, credit unions, and financial
institutions worldwide to seamlessly integrate and offer their own
branded crypto-backed lending services.
Media Contact: Emanuel Petrescu,
Head of Growth, APX Lending, Email: media@apxlending.com
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