Ledn is a global digital asset savings and credit platform that builds financial products with a mission to help more people save in digital assets.
Ledn is reinventing financial services around cryptoassets for Canadians.
Ledn was founded in 2018 by Adam Reeds and Mauricio Di Bartolomeo. The company is headquartered in Toronto, Ontario, Canada.
Ledn’s suite of products consists of Save: bitcoin and USDC savings accounts that pays interest on bitcoin or USDC with no minimums, Borrow: bitcoin-backed loans which allows customers to access dollars without selling their bitcoin, and B2X: bitcoin-backed loans to purchase more bitcoin.
Ledn also recently launched Ledn Trade, a service that enables clients to exchange between USDC and Bitcoin. Additionally, the company announced the impending launch of a Bitcoin-backed mortgage product, the first product of its kind to hit the market.
Ledn has established a robust client base in 127 countries. Since Q3 2020, Ledn has grown its assets on platform by over 4,000%, exceeding $1.7 billion.
Ledn is backed by Kingsway Capital, 10T Holdings, Hashed, Susquehanna Private Equity Investments, Coinbase Ventures, Global Founders Capital, CMT Digital, Golden Tree Asset Management, and others. The company raised $70M in Series B round on Dec 15, 2021. This brings Ledn's total funding to $103.9M to date. The latest round valued the company at $540M post-money.