Bitcoin Lender Ledn Raises $30 Million

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Bitcoin lending platform Ledn has announced the completion of a $30 million series A financing round.

The platform lets users open interest-bearing bitcoin savings accounts and take out bitcoin-backed loans, giving them access to fiat without having to sell their BTC. It also offers services based on other digital assets, like USDC.

This round was led by London-based hedge fund Kingsway Capital, with participation from Hashed Venture Fund, Susquehanna Private Equity Investments, ParaFi Capital, billionaire hedge fund manager Alan Howard, John Pfeffer and Reddit cofounder Alexis Ohanian. All investors from Ledn’s previous funding round, including Coinbase Ventures and CMT Digital, also participated.


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