Ledn
Institutional grade financial products for digital assets
- Adam Reeds, CEO & Mauricio di Bartolomeo, CSO
- Toronto, Canada
- January 2021
- Current
- Seed
Institutional grade financial products for digital assets
The crypto-collateralized lending market is estimated to originate tens of billions of dollars in loan volumes. This market is poised to continue expanding in coming years as it is an indispensable part of the ecosystem, and in tandem with the expected continued growth of crypto assets as an alternative asset class and continued digitization and tokenization of traditional assets. Adam and Mauricio and the broader Ledn team have built their business at the core of the rapidly growing digital asset credit sector, servicing both retail and institutional customers globally, with an initial focus on Canada and Latin America. Ledn offers institutional-grade financial products for digital assets starting with savings and loans on leading crypto assets and stablecoins such as Bitcoin and USDC.
The round was led by London, UK-based hedge fund Kingsway Capital, with participation from new investors such as crypto venture fund Hashed, Susquehanna Private Equity Investments, and ParaFi Capital. All investors from Ledn’s prior round also participated in this investment, including Coinbase Ventures, Global Founders Capital, and CMT Digital. White Star Capital’s Digital Asset Fund, which recently closed $50 million USD, also re-invested in the round. Several notable angels also participated, including Alexis Ohanian, co-founder of Reddit; billionaire hedge fund manager Alan Howard; and John Pfeffer, co-founder of Pfeffer Capital.