General World News

Ledn raises $70M to grow Bitcoin-backed mortgage product

Toronto-based cryptocurrency lending platform Ledn has raised $70 million in a Series B funding round to support the growth of its digital assets lending business, including a new Bitcoin-backed mortgage product.

The round valued the company at $540 million and was led by 10T Holdings, the company announced on Wednesday. Other investors included Golden Tree Asset ManagementRaptor Group, and FJ Labs. Another 11 existing venture investors, such as White Star Capital and Kingsway Capital, followed on in the round.

Founded in 2018, Ledn focuses on saving and lending products for Bitcoin and other digital assets. It claims that the startup has over $1.7 billion in assets from clients in 127 countries. details ⇒

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