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Ledn Raises $70M, Announces Bitcoin-Backed Mortgage Product

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Bitcoin lending platform Ledn has raised $70 million in a Series B funding round, leading the platform to a valuation of $540 million, the company said in a statement Wednesday.

The round was led by 10T Holdings, a growth equity firm focused on crypto companies. Existing venture capitalists also participated in the round, including London-based Kingsway Capital, Coinbase Ventures, billionaire hedge fund managers Alan Howard, John Pfeffer, and CMT Digital.

Ledn also announced its new bitcoin-backed mortgage product, a pioneer product that allows customers to use their bitcoin holdings to purchase real estate, allowing them to acquire a similar asset. benefit from the rise in the price of Bitcoin.

https://bitcoinmagazine.com/business/ledn-raises-70-million-announces-bitcoin-backed-mortgage-product Ledn Raises $70M, Announces Bitcoin-Backed Mortgage Product

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