On December 15, 2021, Ledn announced its US $70 million Series B financing. This all-equity round was led by 10T Holdings and was announced just after Ledn completed its US$30 million Series A financing. Ledn will use the funds to support the growth of its digital asset lending business, including its new Bitcoin-backed mortgage product, which is claimed to be the first or its kind to market. It also plans to use the money to hire more staff, develop other, new digital asset financial products, and expand upon its segment of local products for English, Spanish and Portuguese-language users.
Ledn is a Toronto-based financial services firm focused on providing clients with access to digital assets including Bitcoin-backed loans.
Osler, Hoskin & Harcourt LLP advised Ledn with a team consisting of André Perey, Michael Grantmyre and Jordana Corber-Tovel (Emerging and High Growth Companies).