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Ledn partners with institutional players to facilitate $1.65 billion increase in digital asset loans

Oct 18, 2024•9 months ago

Contract Type

partnership

TorontoFinancial ServicesOther

Description

Ledn, a firm specializing in decentralized lending and savings, has witnessed a $1.65 billion increase in digital asset loans to institutions in 2024. The surge in lending activity is attributed to heightened institutional demand driven by tighter monetary policies and intense competition for access to dollar funding.

Company Information

Company

Ledn

Location

Toronto, Ontario, Canada

About

Ledn provides financial products with a mission to help clients across the globe unlock the power of digital assets to build wealth for the long term. With registered clients from over 127 countries, Ledn offers interest-bearing savings accounts and Bitcoin-backed loans, enabling clients to access dollars or additional Bitcoin without needing to sell any of their existing holdings. Since Q3 2020, Ledn has grown its assets on platform by over 4,000%, exceeding $1.7 billion. Ledn remains an industry leader when it comes to transparency and accountability standards, being the first-ever lending platform to undergo a formal proof-of-reserves attestation by a top public accounting firm. For more information visit ledn.io.

Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months