Crypto Lender Ledn Raises $70M in Series B Round, Readies Bitcoin-Backed Mortgage Product

Crypto Lender Ledn Raises M in Series B Round, Readies Bitcoin-Backed Mortgage Product
Cryptocurrency lending platform Ledn raised $70 million in a Series B funding round at a $540 million valuation, and plans to use some of the capital for its new bitcoin-backed mortgage product.10T Holdings led the funding round, which included Golden Tree Asset Management, Raptor Group and FJ Labs. 10T’s CEO Dan Tapiero will be joining Ledn’s board of directors. Ledn said all of its existing investors also participated in the latest raise, which included billionaire hedge fund investor Alan Howard, and Kingsway Capital.With its bitcoin-backed mortgage loan, Ledn clients will be able to purchase real estate and use an equal…