APX Lending Brings Digital Assets to Traditional Finance with Revolving Line of Credit

APX Lending has launched a five-year revolving line of credit that allows clients to borrow against Bitcoin (BTC) and Ethereum (ETH), marking a significant step towards integrating digital assets into traditional finance.

The new product, which is available for up to $250 million in collateral insurance coverage, lets borrowers establish the facility once and redraw available credit as their needs change. The interest rate ranges from 10.49% to 11.99%, depending on the outstanding balance, with no origination, prepayment or liquidation fees.

APX Lending's CEO, Andrei Poliakov, said that the company has spent years building the regulated credit products and systems needed to make digital assets more practical in everyday finance. He emphasized that trust is what ultimately brings together the worlds of digital assets and traditional finance.