Cryptocurrency Lender Ledn Raises $30M from Kingsway Capital and Alan Howard
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Cryptocurrency lender Ledn has announced the closure of a $30 million Series A round led by Kingsway Capital. According to a press release, Alan Howard, Hashed, Susquehanna Private Equity Investments, ParaFi Capital, Alexis Ohanian, and John Pfeffer also participated in the funding round.

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The company says the assets on its platform grew by over 320% over the past six months. With the latest investment round, Ledn plans to expand its team and global presence. Ledn CEO and Co-Founder, Adam Reeds, says the investments will allow the company to expand its services in North & South America.

"Our focus is to build simple and secure solutions that allow clients to participate in the growing digital asset economy in a way that meets their individual needs and our own rigorous standard for security and reliability," Reeds added.

Ledn's latest investment round comes after the company launched the so-called Ledn Trade, a service that enables exchanging between USDC and bitcoin (EXANTE: Bitcoin). Previously, a cryptocurrency lending firm Figure also raised $200 million in a Series D funding round led by 10T Holdings and Morgan Creek Digital. With the latest funding round, the company's total valuation has reached the $3.2 billion mark.

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