- BIGG Digital Assets (TSXV:BIGG), an investor and developer in the digital assets space, has made an investment in APX Lending, a crypto-backed lending platform, with the intention of expanding in Canada and the US
- BIGG Digital Assets’ portfolio includes a crypto exchange, a financial forensics company and a metaverse developer
- BIGG Digital Assets stock has given back 25 per cent year-over-year but remains up by 71.4 per cent since 2020
BIGG Digital Assets (TSXV:BIGG), an investor and developer in the digital assets space, has made an investment in APX Lending, a crypto-backed lending platform, with the intention of expanding in Canada and the US.
APX Lending allows both retail and institutional clients to leverage digital assets, which are stored with a qualified custodian and insured up to $250 million. The company was founded by Andrei Poliakov, a co-founder of Coinberry, one of Canada’s largest regulated crypto exchanges, and is registered with FINTRAC in Canada and with FinCEN in the US.
BIGG’s Netcoins crypto exchange and APX Lending will partner on the expansion effort, including numerous go-to-market initiatives planned throughout 2025.
The news follows APX’s receipt of Exemptive Relief from the Canadian Securities Administrators in April, allowing it to issue crypto-backed loans to retail and institutional borrowers.
Leadership insights
“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,” Fraser Matthews, Netcoins’ chief executive officer (CEO), said in a statement. “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,” added Andrei Poliakov, CEO and founder of APX Lending. “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.”
About BIGG Digital Assets
BIGG Digital Assets is an investor in the blockchain and cryptocurrency spaces. Its portfolio companies include:
- Netcoins, a crypto trading platform in Canada and the US.
- Blockchain Intelligence Group, a specialist in digital asset forensics, anti-money laundering detection and cryptocurrency investigations.
- TerraZero, a metaverse development and Web3 technology company.
BIGG Digital Assets stock (TSXV:BIGG) is unchanged trading at C$0.12 as of 9:33 am ET. The stock has given back 25 per cent year-over-year but remains up by 71.4 per cent since 2020.
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