APX Lending has entered a strategic joint venture with Butn Ltd to introduce a crypto-backed lending solution in Australia, New Zealand, and the broader Asia-Pacific (APAC) region. The partnership leverages the strengths of both organizations: APX Lending’s advanced crypto-backed lending technology and Butn’s regulatory expertise and established presence in the local market.
Key Highlights:
- Binding MOU Signed: APX Lending and Butn Ltd will launch a crypto-backed lending product in Australia and New Zealand by Q2 2025.
- Market Expansion: The joint venture aims to redefine crypto-backed lending in the under-serviced APAC region.
- Strategic Synergy: APX Lending’s technology will integrate with Butn’s local market insights to deliver a compliant and secure lending platform.
Leadership Insights
Andrei Poliakov, CEO of APX Lending, noted: "This partnership with Butn is a significant milestone for our global growth. By combining our lending technology with Butn's regulatory and market expertise, we are poised to deliver secure and compliant crypto-backed lending solutions to the APAC region."
Rael Ross, Co-founder and Co-CEO of Butn Ltd, added: "The joint venture with APX Lending aligns perfectly with Butn’s expansion strategy. With Bitcoin surpassing $100,000 and increasing demand for crypto-backed loans, this is an opportune moment to introduce a transformative lending product to the market."
Empowering Crypto Holders in APAC
This collaboration will enable crypto holders in Australia, New Zealand, and the APAC region to access liquidity by borrowing against their digital assets. The joint venture addresses a growing demand for secure and regulated crypto-backed lending solutions, combining technological innovation with compliance-driven processes.
About APX Lending
APX Lending provides compliant, secure, and transparent Bitcoin and Ethereum-backed lending solutions. Registered with FINTRAC in Canada and FinCEN in the U.S., APX Lending focuses on delivering innovative lending products to individual and institutional clients globally.
About Butn Ltd
Butn Ltd (ASX: BTN) is an Australian B2B funder specializing in transactional funding solutions. With over $2 billion in funded originations, Butn supports SMEs by offering innovative cashflow solutions.
For more information, visit: www.apxlending.com
APX Lending is a crypto-backed lender operating in the US, Canada, and globally. APX Lending does not offer financial or tax advice. We strongly encourage you to consult with a certified financial or tax professional for guidance on any related inquiries you may have.
