Hoseki Partners With Ledn For Easy Proof Of Ownership In Bitcoin-Backed Loans
Hoseki’s upcoming bitcoin-native asset attestation service promises to speed up the loan taking process.Bitcoin startup Hoseki has announced a pre-launch partnership with financial services firm Ledn to provide lending and proof-of-assets services for retail investors, similar to industry-grade proof-of-reserves leveraged by custodians, the company said in a Monday statement sent to Bitcoin Magazine.“Hoseki users will be able to seamlessly submit standardized proof-of-asset documentation to Ledn though the Hoseki mobile app or desktop website,” per the statement. “In the Hoseki dashboard....
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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.
Hoseki, a bitcoin infrastructure company, closed an investment seed round led by Stillmark and plans an open beta test for a proof-of-assets product by Q3 2022.
Ledn customers will be able to purchase properties with their bitcoin holdings by early next year.
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....
Software firm MicroStrategy has cemented its position as a major Bitcoin player with its numerous large purchases. The company which is valued at $1 billion had put a significant portion of its own funds into buying BTC but the majority of the money used to purchase all of the bitcoin had been from loans. These loans which include convertible notes, senior secured loans, and bitcoin-backed loans account for $2.4 billion of its $3.97 billion BTC purchases. How The Loans Look MicroStrategy had used convertible notes to fund a good portion of its bitcoin holdings. These notes are converted....