Ledn

Ledn continues its global expansion plans with a $30 million financing round led by London-based investment firm Kingsway Capital.

Ledn Inc. (“Ledn”), a global digital asset platform offering innovative saving 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 investors from Ledn’s prior round including White Star Capital’s Digital Asset Fund, Coinbase Ventures, Global Founders Capital and CMT Digital also participated to fuel Ledn’s growth.

Ledn has grown its assets on its platform by over 320% since its last round, just six months ago. Proceeds of the round will be used to grow Ledn’s team and global presence, as well as continue to enhance Ledn’s technology and product offerings. Additionally, Ledn’s investors bring regional-specific expertise that will enable Ledn to achieve its mission of unlocking the power of Bitcoin and other digital assets to build wealth through innovative financial products.

“We are building a world class company to help people globally unlock the power of the fastest growing asset class for building generational wealth,” says Adam Reeds, Ledn co-founder and CEO. “With this new injection of capital, we will expand on our success in North & South America and grow our global footprint, prioritizing growth markets. Our focus is to build simple and secure solutions that allow clients to participate in the growing digital asset economy in a way that meets their individual needs and our own rigorous standard for security and reliability.”

“We prioritize the needs of the people we serve, investing in solutions like proof-of-reserves to protect them, and provide assurance 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 first hand how an unregulated system with little to no transparency can impact its people, and that’s why it’s such a core component of how we manage the funds our clients entrust to us.”

Ledn also recently launched Ledn Trade, a service that enables clients to exchange between USDC and Bitcoin, specifically catering to clients in growth markets who wish to quickly move between the two digital assets. The product-market fit of Ledn’s services to date is evidence of a growing global demand for this kind of innovative digital asset solution.

“Having spent nearly a decade investing in emerging and frontier markets, we’ve had first-hand experience witnessing the power of disruptive technologies delivered to billions of consumers coming online for the very first time,” says Manuel Stotz, founder of Kingsway Capital. “The emergence of digital assets, whether via Bitcoin or USD Stablecoins, is perhaps the greatest opportunity for financial inclusion, as well as an opportunity for a more decentralized and thus more equitable global internet. We are proud to support the talented team at Ledn in making this vision a reality and are honored to co-invest alongside such a world-class roster of global investors.”

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