APX Lending Secures Exemption From Canadian Securities Administration, Offers Crypto-Backed Loans Without Traditional Dealer Registration

Canadian crypto-backed loan company APX Lending has been granted exemptive relief by the Canadian Securities Administration (CSA), enabling it to offer loans backed by Bitcoin and Ethereum without traditional dealer registration or prospectus filings. APX collaborated with the Ontario Securities Commission (OSC) to develop this regulatory framework, as no such mechanism previously existed in Canada. This exemption specifically applies to APX, not setting a precedent for other companies.