Ledn offers financial products that allow users to earn interest on their Bitcoin holdings and access liquidity through dollar loans without selling their digital assets. By providing a secure platform for savings and lending, Ledn enables Bitcoin holders to leverage their assets for real-life benefits while maintaining ownership.
Funding
$120.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
SFounders
Product
Problem
Bitcoin holders often lack avenues to leverage their assets for immediate financial needs without being forced to sell their holdings, potentially missing out on future appreciation. Traditional financial institutions are hesitant to provide loans using Bitcoin as collateral, creating a gap in the market for Bitcoin-backed financial services.
Solution
Ledn provides a platform for Bitcoin holders to access dollar loans using their Bitcoin as collateral, allowing them to maintain ownership of their digital assets while accessing liquidity. Users can also earn interest on their Bitcoin holdings through Ledn's savings accounts. Ledn aims to bridge the gap between traditional finance and the Bitcoin ecosystem, offering secure and transparent financial products tailored to Bitcoin holders.
Target Audience
Ledn primarily targets Bitcoin holders seeking to leverage their assets for loans or earn interest on their holdings.
Features
- Bitcoin-backed dollar loans with various loan-to-value (LTV) options
- Interest-bearing savings accounts for Bitcoin holdings, offering up to 2.25% APY
- Secure platform with custodian BitGo, which has comprehensive insurance policies
- Proof-of-Reserves attestation for transparency
- Regulated Virtual Asset Service Provider under the supervision of the Cayman Islands Monetary Authority