Global digital asset savings and credit platform Ledn has announced the upcoming launch of a bitcoin-backed mortgage product, calling it “the first product of its kind to hit the market.” The company has also raised $70 million, which brings its valuation to $540 million.
Bitcoin-Backed Mortgage — ‘The First Product of Its Kind to Hit the Market’
Ledn announced Wednesday “the impending launch of a bitcoin-backed mortgage product,” which the company says is “the first product of its kind to hit the market.” The announcement details:
This mortgage will enable Ledn clients to use their bitcoin holdings to purchase a property while continuing to benefit from potential price appreciation of both assets.
Ledn offers interest-bearing savings accounts and bitcoin-backed loans, allowing clients access to capital without having to sell their crypto holdings.
Das Unternehmen gibt an, registrierte Kunden in über 127 Ländern zu haben, und 44 % seiner Kreditkunden kommen aus Lateinamerika. „Ledns USD-Kreditvergaben sind um mehr als das 25-fache gestiegen und die Vermögenswerte auf der Plattform haben 1.7 Milliarden US-Dollar überschritten – was einem Anstieg von 4,000 % gegenüber dem dritten Quartal 3 entspricht. Im gleichen Zeitraum ist die registrierte Nutzerbasis um fast das Zehnfache gewachsen“, heißt es in der Ankündigung.
Regarding the upcoming bitcoin-backed mortgage product, Ledn explained that “Clients will be able to blend an equal amount of bitcoin and property collateral as part of the mortgage loan.” The company is targeting over $100 million in bitcoin-backed mortgage originations by the end of the first quarter of next year.
Ledn stellte fest, dass die Warteliste für BTC-gestützte Hypothekenprodukte immer länger wird:
Currently in pilot mode, the Ledn bitcoin-backed mortgage is slated to be made broadly available to clients in the U.S. and Canada in early 2022.
Darüber hinaus gab Ledn am Mittwoch bekannt, dass es sich in einer Finanzierungsrunde der Serie B 70 Millionen US-Dollar gesichert hat, „was seinen Wert auf 540 Millionen US-Dollar erhöht“.
Zu den teilnehmenden Risikokapitalinvestoren gehören White Star Capital, Kingsway Capital, Coinbase Ventures, Alan Howard, Parafi Capital, Susquehanna Private Equity Investments, Global Founders Capital, Hashed, CMT Digital, Ascendant Capital und John Pfeffer.
The announcement adds that the company “will use this new capital to strengthen its balance sheet to support the rapid growth of its digital asset lending business, including its new bitcoin-backed mortgage product.”
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