Canada’s first regulated digital-asset-backed lender opens a waitlist for Bitcoin-backed mortgages, expected to roll out in Q1 2027, so long-term holders can put their Bitcoin toward a home instead of selling it. APX Lending will be the first bitcoin backed mortgage provider in Canada.
TORONTO, Oct. 28, 2026 /PRNewswire/ — For a growing number of Canadians, Bitcoin is one of the most valuable things they own. A home is the other. Until now, getting one has often meant giving up the other one. APX Lending (“APX”) today announced plans to bring Bitcoin-backed mortgages to Canada, with a rollout expected in Q1 2027. A waitlist is now open at apxlending.com/bitcoin-backed-mortgages.
A Choice Bitcoin Holders Shouldn’t Have to Make
Today, a Bitcoin holder who wants to buy a home usually has two options. They can sell their Bitcoin to fund a down payment, giving up their long-term position and potentially triggering capital gains tax on the sale. Or they can wait on the sidelines, because many traditional lenders still don’t know how to treat digital assets as part of a borrower’s financial picture.
Clients Are Already Using Their Digital Assets to Buy Property
APX clients have already used digital-asset-backed loans to put money toward real estate projects, pay down high-interest debt and finance their businesses. Offering Bitcoin-backed mortgages are the natural next step: a product built for the single largest purchase most people will ever make.
The opportunity in Canada is growing fast. One in four Canadians (25%) now owns crypto, up from 10% in 2023, according to a 2026 survey by the Ontario Securities Commission. In the U.S., crypto mortgage lender Milo has passed $100 million in crypto mortgage originations, including a single $12 million loan. Bitcoin-backed lending market is projected to reach $1 trillion within the next five to 10 years.
What APX Is Building
APX’s Bitcoin-backed mortgages are being designed to let borrowers pledge their Bitcoin as collateral toward a home purchase, so they can keep their holdings and their exposure to Bitcoin‘s long-term potential. Full details, including eligibility, loan-to-value ratios, rates and terms, will be shared ahead of launch. People who join the waitlist will be the first to hear as the rollout opens.
“Canadians shouldn’t have to choose between owning Bitcoin and owning a home,” said Andrei Poliakov, Founder and CEO of APX Lending. “We hear it from clients all the time. They’ve held through the cycles, their Bitcoin has become a real part of their net worth, and when it’s time to buy a house, they’re told to sell it. We’re building Bitcoin-backed mortgages so people can put that conviction to work instead of cashing it out.”
Built on Years of Infrastructure
Adding “mortgage” to a product page is easy. Building a mortgage product that holds up against a volatile asset, over a longer time horizon and with larger amounts on the line, is a different problem. It’s one APX has spent years building the foundations to solve, from choosing to operate within a regulated framework early on to developing the systems that now power its own products and its partners’ lending programs.
That infrastructure includes:
- Regulatory framework: APX was the first digital-asset-backed lender approved by the Canadian securities regulators and is registered with both FINTRAC and FinCEN.
- Institutional-grade custody and insurance: client collateral is held in segregated BitGo Trust cold-storage wallets, never rehypothecated and protected by insurance coverage of up to $250 million.
- On-chain transparency: clients can independently verify their collateral on-chain 24/7 through the APX platform.
- Automated collateral and risk management: APX continuously monitors prices and loan LTVs, including its 90/85 Standard, which liquidates only enough collateral to bring LTV from 90% back to 85%, preserving as much of a client’s holdings as possible.
- Security and operational controls: APX’s SOC 2-audited controls support the systems and safeguards needed to run digital-asset lending reliably and at scale.
Bringing Bitcoin into the Real Estate Market
Homeownership has long been one of the clearest measures of financial security in Canada. As more Canadians hold a meaningful share of their wealth in Bitcoin, the products that help them buy a home need to catch up. APX’s mission is to bring digital assets and traditional finance closer together.
“A home is the most important thing most people will ever finance,” said Poliakov. “That’s exactly why it has to be done with the same standards people expect from a bank: regulated, transparent and built to protect the borrower. That’s the bar we’ve held ourselves to from day one and it’s the bar we’ll bring to bitcoin backed mortgages.”
Bitcoin-backed mortgages are expected to be available to eligible borrowers in supported jurisdictions beginning in Q1 2027. Homebuyers can join the waitlist today at apxlending.com/bitcoin-backed-mortgages.
About APX Lending
Founded in 2023, APX Lending is a regulated digital-asset credit infrastructure company providing crypto-backed loans directly to borrowers and powering partner-branded products through its Lending-as-a-Service platform. APX combines technology, underwriting, capital, collateral management, servicing and compliance to help partners launch embedded crypto-backed credit products.
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SOURCE APX Inc.
