Ledn Raises $70 Million, Announces Bitcoin-Backed Mortgage Product
Ledn customers will be able to purchase properties with their bitcoin holdings by early next year.Bitcoin lending platform Ledn has raised $70 million in a Series B financing round that leads the platform into a $540 million valuation, the company said in a statement Wednesday. The round was led by 10T Holdings, a growth equity firm focused on cryptocurrency companies. Existing venture investors also joined in the round, including London-based Kingsway Capital, Coinbase Ventures, billionaire hedge fund manager Alan Howard, John Pfeffer, and CMT Digital.Ledn also announced its new....
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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, 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.....
Bitcoin lending platform Ledn has announced the completion of a $30 million series A financing round.
On Wednesday, Galoy, the firm behind El Salvador’s Bitcoin Beach Wallet, announced that the company raised $4 million in funding in an investment round led by Hivemind Ventures. On the same day, the startup launched a new product called Stablesats, a stablecoin concept that leverages derivatives contracts to create a bitcoin-backed synthetic dollar pegged to the U.S. dollar. The Stablesats product allows people to transact via the Lightning Network and hedge against crypto market volatility at the same time.
Fintech Startup Galoy Raises $4 Million in a Funding Round Led by....