Bitcoin Lending Platform Ledn Raises $30 Million In Series A
Bitcoin lending platform Ledn has announced the completion of a $30 million series A financing round.Bitcoin lending platform Ledn has announced the completion of a $30 million series A financing round.The platform lets users open interest-bearing bitcoin savings accounts and take out bitcoin-backed loans, giving them access to fiat without having to sell their BTC. It also offers services based on other digital assets, like USDC.This round was led by London-based hedge fund Kingsway Capital, with participation from Hashed Venture Fund, Susquehanna Private Equity Investments, ParaFi....
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Ledn, which lets users earn interest on saved bitcoin or access bitcoin-backed loans, raised $2.7 million in a financing round. The post Bitcoin-Based Lending And Savings Platform Ledn Raises $2.7 Million appeared first on Bitcoin Magazine.
Ledn, a cryptocurrency lending and savings platform based in Canada, has managed to raise $30 million in its latest funding round. The money raised will be used to expand its offer of lending products, and to expand its reach in more countries. Ledn could take advantage of the recent problems that Blockfi, one of its contenders, is facing now to increase its share in the sector. Ledn Raises $30 Million in Latest Funding Ledn, a Canada-based cryptocurrency lending platform managed to raise $30 million in its Series A funding round, a more than tenfold increase from its first funding round.....
Global digital asset savings and credit platform Ledn has announced the upcoming launch of a bitcoin-backed mortgage product, calling it “the first product of its kind to hit the market.” The company has also raised $70 million, which brings its valuation to $540 million.
Bitcoin-Backed Mortgage — ‘The First Product of Its Kind to Hit the Market’
Ledn announced Wednesday “the impending launch of a bitcoin-backed mortgage product,” which the company says is “the first product of its kind to hit the market.” The....
Ledn customers will be able to purchase properties with their bitcoin holdings by early next year.
The decentralized finance (defi) marketplace, non-fungible token (NFT) financialization platform, and lending application Arcade has announced the company has closed a Series A investment round for $15 million. Just recently, Arcade facilitated an onchain loan of $800,000 against an NFT portfolio from a lender with over $10 billion. Arcade Raises $15 Million in Series A Co-Led by Pantera Capital, Castle Island Ventures, Franklin Templeton Blockchain Fund The defi marketplace Arcade has raised $15 million in capital during a Series A financing round, according to the company. The investment....