BIGG, Netcoins Making Strategic Investment In APX Lending
BIGG Digital Assets , owner of Netcoins, Blockchain Intelligence Group, and TerraZero, on Tuesday announced a strategic investment in APX Lending and the formation of a partnership between APX Lending and Netcoins. APX Lending is a crypto-backed lending platform. BIGG Digital Assets said it strategically invested in an unspecified amount in APX Lending's latest fundraising round and added APX Lending will use the funds for further "aggressive growth" in Canada and the US. A statement noted that APX Lending received exemptive relief from the Canadian Securities Administrators, which the company said is a first-of-its-kind decision for a crypto-backed lending business in Canada. The company also announced that Netcoins and APX Lending entered into a partnership to expand crypto-backed lending in Canada and the U.S., with "coordinated go-to-market efforts" planned throughout 2025. "The global crypto-backed lending market is projected to exceed $45 billion by 2030, and Netcoins wants to ensure that our clients are at the forefront of access to this product," said Netcoins' Chief Executive Officer Fraser Matthews. "Andrei Poliakov has a long track record of success, and we are very excited to introduce our users to crypto lending, both as an investor and as a partner.""The demand we've seen for compliant and regulated crypto-backed lending has been consistently strong, especially as more investors look to unlock liquidity without compromising security," said APX Lending's Chief Executive Officer Andrei Poliakov. "BIGG's investment and the partnership with Netcoins reinforce the momentum we're building. With a clear regulatory advantage and the right partners, we're well-positioned to continue to scale across Canada and the US in 2025 and beyond."