APX Lending, which describes itself as Canada's first regulated digital-asset credit infrastructure company, said on Aug. 18, 2026 that it has launched its 90/85 Standard for eligible crypto-backed credit products. The model is designed to limit how much Bitcoin-backed collateral is sold when markets fall: borrowers receive warnings every six hours at 80% LTV (loan-to-value ratio, a measure of debt versus collateral), partial liquidation starts at 90% LTV, and sales stop once the loan is reset to 85% LTV. APX also said it has eliminated liquidation fees entirely. The company framed the change as a way to address liquidation risk during Bitcoin price declines while preserving as much borrower collateral as possible. In APX's example, a borrower with $100,000 of collateral and a $90,000 loan would have $33,333 sold under the new model, leaving $66,667 of collateral and a $56,667 loan balance, compared with $90,000 sold under a full liquidation with no fee or $94,737 sold under a 5% liquidation fee. APX said that leaves the borrower with nearly 13 times as much collateral as under full liquidation with a 5% fee.