Ledn To Acquire Arxnovum Investments, A Fully-Registered, Canadian Digital Asset Investment Manager
Acquiring Company
Ledn
Acquired Company
Arxnovum
TorontoOtherFinancial ServicesFinancial ServicesFinanceVenture CapitalBlockchainCryptocurrencyDescription
Ledn Inc. ("Ledn"), a global financial services provider for digital assets, is pleased to announce that it has reached an agreement to acquire Arxnovum Investments Inc. ("Arxnovum"), a regulated Canadian digital asset investment manager. The proposed acquisition will allow Arxnovum's fully-registered business to operate as an independent business unit under Ledn, enabling Ledn to offer digital asset investment products to its accredited client base both in Canada and globally. The transaction is expected to close in the fourth quarter of 2022, subject to regulatory approval.
Quick answer
Ledn is acquiring Arxnovum, announced October 6, 2022. Ledn is based in Toronto, Ontario, Canada.
- How much did Ledn pay for Arxnovum?
- The deal value was not disclosed.
- What does Ledn do?
- Ledn provides financial products with a mission to help clients across the globe unlock the power of digital assets to build wealth for the long term.
- Where are Ledn and Arxnovum based?
- Ledn is based in Toronto, Ontario, Canada.
Source: Fundz verified event record.
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Frequently asked
Who acquired Arxnovum?
Arxnovum was acquired by Ledn, based in Toronto. The deal was reported on October 6, 2022. Ledn provides financial products with a mission to help clients across the globe unlock the power of digital assets to build wealth for the long term. Ledn is privately held and operates in Other.
When did Ledn acquire Arxnovum?
Ledn's acquisition of Arxnovum was reported on October 6, 2022. Ledn Inc. ("Ledn"), a global financial services provider for digital assets, is pleased to announce that it has reached an agreement to acquire Arxnovum Investments Inc. ("Arxnovum"), a regulated Canadian digital asset investment manager. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Arxnovum do?
Arxnovum Investments is focused on innovation in digital asset fund management. The Arxnovum Investments team, led by Shaun Cumby and Tanvir Sodhi, has over 40 combined years in investing experience in both traditional and crypto assets. It is privately held, operating in Financial Services.
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