Butn Ltd and APX Lending Partner to Revolutionize Crypto-Backed Lending in the Asia-Pacific Region
Butn Ltd (ASX: BTN), an Australian leader in business-to-business funding solutions, has signed a binding Memorandum of Understanding (MOU) with APX Lending, a prominent North American crypto-backed lending platform. This strategic partnership marks a groundbreaking step in bringing secured crypto-backed lending to Australia, New Zealand, and the broader Asia-Pacific (APAC) region.
Key Highlights
Joint Venture: The partnership combines Butn’s expertise in lending and local markets with APX Lending’s advanced crypto-backed lending technology to oƯer a secure and innovative platform.
Under-Served Market: The collaboration aims to address the growing demand for crypto-backed loans, enabling crypto holders to borrow against assets like Bitcoin and Ethereum while retaining their long-term investment potential.
Market Potential: The APAC crypto-backed lending market represents a multi billion-dollar opportunity, and this venture positions both companies as leaders in this rapidly expanding space.
Global Reach: Beyond APAC, the partnership will explore opportunities for APX Lending’s North American operations.
Innovative Lending Model
Butn will leverage its digital “Originate to Distribute” model to provide secured lending services through APX Lending’s platform, catering to individual and institutional borrowers. This collaboration builds on Butn’s momentum, with over $2 billion in funding originated since its inception.
Timeline and Future Expansion
Technical groundwork is well underway, with the platform’s launch in Australia slated for late FY2025, followed by expansion into New Zealand and other APAC markets. The partnership will also focus on joint marketing and business development activities to capitalize on this growing sector.
Leaders’ Vision
Rael Ross, Co-Founder and Co-CEO of Butn Ltd, commented: “This joint venture represents a significant milestone, expanding our suite of transactional funding products to include secure and innovative crypto-backed lending solutions. With Bitcoin reaching unprecedented levels, this partnership allows us to deliver a transformative solution to the APAC market.”
Andrei Poliakov, CEO of APX Lending, added: “The Butn alliance strengthens our mission to provide secure, innovative crypto-backed lending solutions worldwide. By combining our platform with Butn’s local expertise, we are set to redefine the crypto backed lending landscape in the APAC region.”
About Butn Ltd
Butn Ltd is a leading Australian B2B funder specialising in transactional funding solutions for SMEs. With a vision of “Your money, today,” Butn has delivered over $2 billion in funding to support Australian businesses. For more information, visit www.butn.co
About APX Lending
APX Lending is a global leader in crypto-backed lending, oƯering Bitcoin and Ethereum backed loans. Founded by Andrei Poliakov, the company is committed to transparency, security, and regulatory compliance. For more information, visit www.apxlending.com
