Ledn Raises $70 Million, Announces Bitcoin-backed Mortgage Product

Ledn Raises $70 Million, Announces Bitcoin-backed Mortgage Product



Bitcoin lending platform Ledn has raised $70 million in a Sequence B financing spherical that leads the platform right into a $540 million valuation, the corporate stated in a press release Wednesday.

The spherical was led by 10T Holdings, a development fairness agency targeted on cryptocurrency corporations. Current enterprise buyers additionally joined within the spherical, together with London-based Kingsway Capital, Coinbase Ventures, billionaire hedge fund supervisor Alan Howard, John Pfeffer, and CMT Digital.

Ledn additionally introduced its new bitcoin-backed mortgage product, a pioneering providing that lets clients use their bitcoin holdings to buy actual property, permitting them to amass a property whereas benefiting from Bitcoin’s worth appreciation.

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