DLA Piper obtains novel decision exempting crypto-backed lending platform APX from dealer registration and prospectus requirements

DLA Piper Canada obtained a first-of-its kind decision before the Canadian Securities Administrators (CSA), exempting APX Inc. (APX) from dealer registration and prospectus requirements in connection to its crypto-asset backed lending business.

This decision positions APX to be the first crypto-backed lender in Canada to provide borrowers with a secure and compliance-focused solution to access liquidity using their digital assets as collateral. Read more about the CSA decision here.

The DLA Piper Canada (LLP) team representing APX was led by Jarrod Isfeld and Russel Drew and included Brenden Cowlishaw, Katrina Kotarba, Brendan Smith and Donato Rosati.