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ARTICLE · 21 OCTOBER 2022

Secured Lending And The 2022 UCC Amendments

Gowling WLG
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The increasing popularity and support for digital assets, the adoption and introduction of cryptocurrencies by various governments, and the widespread use of digital assets for donations, purchases...

CanadaTechnology
Kaila Scarrow
Kaila Scarrow
Christopher Alam
Christopher Alam
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The increasing popularity and support for digital assets, the adoption and introduction of cryptocurrencies by various governments, and the widespread use of digital assets for donations, purchases, and the like have all helped to centre digital assets in the minds of investors.

Lenders and borrowers may be interested in using such assets to secure loans. Given the speed with which technologies have advanced, existing laws governing lending transactions have struggled to keep up. This article provides an overview of some key amendments to the United States Uniform Commercial Code (the "UCC") that account for emerging technologies. Changes to Canadian laws will no doubt follow.

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