Ledn

Ledn is a Canadian fintech company founded in 2018 that specializes in providing financial services backed by digital assets. The platform offers users the ability to obtain loans using Bitcoin or Ether as collateral, as well as earn interest on their cryptocurrency savings. Since its inception, Ledn has issued over $9 billion in loans and serves customers in over 100 countries.

One of Ledn’s key products is Bitcoin-backed loans. Users can obtain liquidity in USD, USDC, or local currency without selling their digital assets. Interest rates start at 12.4% APY, and funds can be received within 18 hours of applying.

For those looking to increase their Bitcoin exposure, Ledn offers a B2X product that allows you to double your Bitcoin using existing assets as collateral. In addition, the platform offers savings accounts with interest rates of up to 1% per annum on Bitcoin and up to 8.5% on USDC, with interest accrued daily and paid monthly.

Security and transparency are priorities for Ledn. The company regularly conducts independent checks of reserves (Proof-of-Reserves) and publishes monthly Open Book reports, providing clients with full information about the state of their assets. All digital assets are stored in cold wallets with a multi-level security system, including two-factor authentication and AES-256 encryption.