APX Lending Unveils Five-Year Revolving Credit Facility for Digital Assets

APX Lending has launched a five-year revolving credit facility that allows clients to borrow against Bitcoin, Ethereum, or both. The new product, called the APX Line of Credit, aims to bridge the gap between digital assets and traditional finance.

The Line of Credit is designed for borrowers who need access to liquidity over an extended period. It eliminates the need to start a new loan each time funds are required, allowing clients to draw, repay, and redraw as their needs change.

APX's CEO, Andrei Poliakov, stated that the company built the Line of Credit in response to client requests for more flexible borrowing options. The product offers annual rates ranging from 10.49% to 11.99%, depending on the outstanding balance, and no origination, prepayment, or liquidation fees.

The credit facility is collateralized by up to $250 million worth of digital assets, which are held in segregated BitGo Trust cold-storage wallets for added security. APX's infrastructure includes regulatory compliance, institutional-grade custody, on-chain transparency, automated collateral and risk management, and robust security controls.