TorontoCanadians could pledge $190,000 in bitcoin for a $475,000 home.

A bitcoin crash could force borrowers to add collateral or lose pledged coins.

APX Lending says a 40% bitcoin drop lifts a 50% loan-to-value loan to 83%.

“Selling bitcoin collateral and enforcing a mortgage against a home are distinct actions,” said Andrei Poliakov, APX’s chief executive.

APX plans to launch in early 2027 but has not said when it will publish terms.

How each outlet framed it
CoinDesk
flags collateral liquidation risk for borrowers if bitcoin falls, and notes APX has no rates or terms yet

Sources: CoinDesk