TORONTO – (COMMERCIAL THREAD) – Ledn Inc. (“Ledn”), a global digital asset platform offering innovative savings and lending products for Bitcoin and other digital assets, is pleased to announce the completion of a $ 30 million Series A financing round led by Kingsway Capital, with participation from new investors including Alan Howard, Hashed, Susquehanna Private Equity Investments LLLP, ParaFi Capital, Alexis Ohanian and John Pfeffer. All of Ledn’s previous round investors, including White Star Capital’s Digital Asset Fund, Coinbase Ventures, Global Founders Capital, and CMT Digital, also participated in Ledn’s growth.
Ledn has increased his assets on his platform by over 320% since his last tour just six months ago. Proceeds from the round will be used to grow Ledn’s team and global presence, as well as to continue to improve Ledn’s technology and product offerings. Additionally, Ledn’s investors bring regional expertise that will enable Ledn to achieve its mission of unleashing the power of Bitcoin and other digital assets to build wealth through innovative financial products.
“We’re building a world-class business to help people around the world unleash the power of the fastest growing asset class to create generational wealth,” said Adam Reeds, co-founder and CEO of Ledn . “With this new injection of capital, we will extend our success in North and South America and increase our global footprint, prioritizing growth markets. Our goal is to create simple, secure solutions that enable customers to participate in the growing digital asset economy in a way that meets their individual needs and our own rigorous standard of security and reliability.
“We put the needs of the people we serve first, investing in solutions such as proof of reserves to protect them and ensuring that all of our lending activities are covered by real assets,” said Mauricio Di Bartolomeo, co-founder and CSO. . “Growing up in Venezuela, I saw with my own eyes how an unregulated system with little or no transparency can impact its people, and that’s why it’s a critical part of how we manage the funds that our clients entrust to us. ”
Ledn also recently launched Ledn Trade, a service that allows customers to trade between USDC and Bitcoin, specifically targeting customers in growing markets who want to quickly switch between digital assets. Ledn’s product-to-market fit of services to date is evidence of a growing global demand for this type of innovative digital asset solution.
“After spending nearly a decade investing in emerging and frontier markets, we have witnessed the power of disruptive technology delivered to billions of consumers going online for the very first time,” said Manuel Stotz, Founder of Kingsway Capital. “The emergence of digital assets, whether through Bitcoin or USD Stablecoins, is perhaps the greatest opportunity for financial inclusion, as well as an opportunity for a more decentralized and therefore fairer global internet. We are proud to support Ledn’s talented team in making this vision a reality and are honored to co-invest alongside such a roster of world-class global investors. ”
Ledn provides financial products with a mission to help clients around the world harness the power of digital assets to build long-term wealth. Operating in over 100 countries, Ledn offers interest-bearing savings accounts and bitcoin-backed loans, allowing customers to access additional dollars or bitcoin without having to sell their existing holdings.
Ledn has active clients in 105 countries and has exceeded $ 1 billion in assets on its platform. Since early 2021, Ledn has tripled his team while increasing his total loan portfolio by over 800% and savings products by 280%. Ledn remains an industry leader in transparency and accountability standards, being the first lending platform to undergo formal proof of reserves attestation by Armanino LLP, a leading accounting and consulting firm and a recognized global leader in digital asset insurance solutions. For more information, visit ledn.io.
About Kingsway Capital
Kingsway Capital is a London-based investment firm whose limited partners include leading US foundations and endowments with a long-term investment horizon, measured in years and decades. Kingsway has a successful history of supporting promising companies at the crossroads of emerging markets and disruptive technologies, such as mobile internet and digital assets.