--- title: "APX Lending Opens Waitlist for Canada's First Bitcoin-Backed Mortgages" description: "The regulated credit provider plans a Q1 2027 rollout, allowing Canadian borrowers to pledge Bitcoin for property purchases without selling." url: https://basisdesk.news/news/apx-lending-canada-bitcoin-backed-mortgages published: 2026-10-29T15:01:32.713Z modified: 2026-10-29T15:01:32.713Z section: Institutions & ETFs author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: bullish tickers: [BTC] tags: [mortgages, canada, bitcoin-lending, real-estate, credit] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # APX Lending Opens Waitlist for Canada's First Bitcoin-Backed Mortgages The regulated credit provider plans a Q1 2027 rollout, allowing Canadian borrowers to pledge Bitcoin for property purchases without selling. ## At a glance - **What happened:** APX Lending opened a waitlist on Oct. 29 for Canada's first Bitcoin-backed mortgage service ahead of an expected Q1 2027 launch. - **Why it matters:** Borrowers can use Bitcoin as home equity collateral, bypassing forced liquidations and associated capital gains taxes. - **Who is affected:** Canadian property buyers and long-term Bitcoin holders seeking mortgage credit. - **What's next:** APX will release full eligibility requirements, loan-to-value limits, and interest rates ahead of the Q1 2027 rollout. - **Status:** announced - **Primary source:** [APX Lending to Bring Bitcoin-Backed Mortgages to Canada](https://www.prnewswire.com/news-releases/apx-lending-to-bring-bitcoin-backed-mortgages-to-canada-302923880.html) — PR Newswire ## Key points - APX Lending launched a waitlist on Oct. 29 for Canada's first Bitcoin-backed mortgages, targeted for release in Q1 2027. - Collateral will sit in segregated BitGo Trust cold storage with up to $250 million in insurance coverage and zero rehypothecation. - A 2026 Ontario Securities Commission survey revealed that 25% of Canadians own crypto assets, up from 10% in 2023. ## Editorial remark - **Context:** Traditional Canadian lenders routinely exclude crypto wealth from mortgage underwriting, forcing buyers to liquidate holdings and incur capital gains taxes. - **Impact:** Long-term Bitcoin holders gain an institutional avenue to finance real estate while preserving custody transparency through regulated, audited infrastructure. - **Watch:** APX's disclosure of formal loan-to-value ratios, interest rates, and provincial eligibility criteria ahead of the Q1 2027 launch. Regulated digital-asset credit platform APX Lending opened a waitlist on Oct. 29 for Canada's first Bitcoin-backed mortgages, with an expected public launch in Q1 2027 [1]. The upcoming facility will allow Canadian property buyers to pledge $BTC as collateral rather than selling the underlying asset to finance down payments or home purchases [1]. At the time of writing, Bitcoin traded around $80,971. Under the planned offering, APX intends to let borrowers maintain spot market exposure and bypass immediate capital gains tax triggers associated with liquidating digital assets [1]. Collateral will be stored in segregated BitGo Trust cold-storage accounts without rehypothecation, backed by insurance coverage reaching up to $250 million, according to the company [1]. The lender also operates an automated risk model called the 90/85 Standard, designed to liquidate only the fractional amount of collateral required to lower loan-to-value (LTV) ratios from 90% back to 85% during market downturns [1]. ## Expanding Digital Asset Credit in Canada The initiative comes as domestic crypto ownership rises, with a 2026 Ontario Securities Commission survey indicating that 25% of Canadians hold cryptocurrency, up from 10% in 2023 [1]. APX was the first digital-asset-backed lender authorized by Canadian securities regulators and maintains registrations with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as well as FinCEN in the United States [1]. Broader domestic policy is also formalizing digital finance, as [Canada proposes stablecoin regulations to bring national oversight under Bank of Canada](https://basisdesk.news/news/canada-proposes-stablecoin-regulations-bank-of-canada) and related payment authorities. While APX has not yet disclosed specific loan-to-value limits, borrowing rates, or borrower qualification guidelines, the firm said it will publish complete loan terms ahead of the Q1 2027 deployment [1]. The company noted that previous clients have used digital-asset credit to finance property projects and retire high-interest debt, pointing to institutional models in the US such as Milo, which has surpassed $100 million in crypto-backed mortgage originations [1]. ## FAQ **How will collateral be stored for APX Bitcoin mortgages?** Collateral will be held in segregated BitGo Trust cold storage with up to $250 million in insurance coverage and verified on-chain without rehypothecation. **When will APX Bitcoin mortgages become available?** The waitlist opened on Oct. 29, 2026, with the product expected to launch for eligible Canadian borrowers in Q1 2027. ## Sources 1. [APX Lending to Bring Bitcoin-Backed Mortgages to Canada](https://www.prnewswire.com/news-releases/apx-lending-to-bring-bitcoin-backed-mortgages-to-canada-302923880.html) — PR Newswire, 2026-10-29 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai