Butn Ltd and APX Lending to Form Joint Venture to Capture $20 Billion APAC Crypto-Backed Lending Market.

Strategic partnership to redefine crypto-backed lending across Australia, New Zealand, and the broader APAC region

Key highlights:

MELBOURNE, Australia and TORONTO, Dec. 9, 2024 /CNW/ - Butn Ltd (ASX:BTN), a leading Australian-based transactional funder has entered into a binding Memorandum of Understanding (MOU) with Canadian crypto-backed lending platform APX Lending to form a Joint Venture that will redefine crypto-backed lending across Australia, New Zealand and APAC. The partnership combines Butn's regulatory expertise and local market leadership with APX Lending's advanced crypto-backed lending technology to create a compliant and secure platform, offering under-serviced borrowers unparalleled access to regulated crypto-backed lending in the region.