Bitcoin backed mortgages coming to Canada? APX opens waitlist, terms pending

APX Lending, a Toronto-based cryptocurrency lending company, has announced its plans to introduce Bitcoin [BTC]-backed mortgages in Canada in the first quarter of 2027. The proposed product would allow homebuyers to use their Bitcoin holdings as collateral to borrow money for purchasing property, instead of selling their cryptocurrency to raise cash. Typically, people who own Bitcoin but want to buy a home were supposed to sell some of their holdings to fund the down payment or purchase. But now APX wants to offer an alternative that allows borrowers to retain ownership exposure to Bitcoin while accessing funds for real estate.