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The encryption lending provider APX Lending has completed a $20 million flexible financing, with funding from Cypress Hills.
On April 11, CoinDesk reported that the crypto asset lending provider APX Lending has completed a $20 million flexible financing round, funded by the private credit investment firm Cypress Hills. The flexible financing terms allow borrowers to increase their loans without renegotiating the entire protocol. APX Lending offers loan services secured by digital assets and plans to use the funds to accelerate its expansion in Canada to meet the rising demand for crypto asset-backed loans.