{"id":54751,"date":"2021-12-15T18:18:33","date_gmt":"2021-12-15T16:18:33","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=54751"},"modified":"2025-09-03T21:56:34","modified_gmt":"2025-09-03T18:56:34","slug":"ledn-raises-70-million-in-series-b-led-by-10t-holdings","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ledn-raises-70-million-in-series-b-led-by-10t-holdings\/","title":{"rendered":"Ledn raises $70 million in Series B led by 10T Holdings"},"content":{"rendered":"

Canadian crypto lending platform Ledn raised<\/a> $70 million in a Series B financing round at a $540 million valuation. It was led by Dan Tapiero’s investment firm 10T Holdings.<\/p>\n

The round also included Golden Tree Asset Management, Raptor Group, FJ Labs, Coinbase Ventures, Alan Howard, ParaFi Capital and Susquehanna Private Equity Investments.<\/p>\n

The company said it would use the funding to expand its workforce in 2022.<\/p>\n

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\u201cSince its inception Ledn has originated more than $450 million in loans, 90% of which were in 2021,\u201d<\/em>, The Block<\/a> cofounder Mauricio Di Bartolomeo.<\/p>\n<\/blockquote>\n

The company serves 100,000 retail and institutional clients in 127 countries, more than tenfold the number in Q3 2020. Assets have surged 4,000% since then, topping $1.7 billion.<\/p>\n

According to Bartolomeo, Ledn has filed with the Ontario Securities Commission to register as an investment dealer in Canada.<\/p>\n

The platform is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and complies with Canada’s and the United States’ AML<\/span>\/KYC<\/span> rules.<\/p>\n

Concurrently with the round\u2019s close, Ledn announced the launch of Bitcoin-backed mortgage lending.<\/p>\n

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You can find more information about our #Bitcoin<\/a> Mortgage product here: https:\/\/t.co\/IEMEaGsCrR<\/a><\/p>\n

\u2014 Ledn (@hodlwithLedn) December 15, 2021<\/a><\/p><\/blockquote>\n