Bitcoin backed mortgages coming to Canada? APX opens waitlist, terms pending
· macro · Sentiment: bearish
APX has opened a waitlist for Bitcoin-backed mortgages in Canada, marking one of the first formal attempts to offer home loans collateralized by BTC in the country. While exact terms, loan-to-value ratios, and interest rates remain undisclosed and subject to regulatory approval, the initiative reflects growing institutional interest in using Bitcoin as high-quality collateral for traditional real estate financing. The key implication is that successful rollout could unlock significant BTC liquidity for Canadian homeowners without forcing asset sales, potentially accelerating mainstream adoption and reducing selling pressure on Bitcoin.