Ledn To Acquire Arxnovum Investments, A Fully-Registered, Canadian Digital Asset Investment Manager
10/06/22, 11:08 AM
Location
toronto
Industry
financial services
other
cryptocurrency
blockchain
venture capital
finance
financial services
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.
Company Info
Location
Toronto, Ontario, Canada
Company info
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. With registered clients from over 127 countries, Ledn offers interest-bearing savings accounts and Bitcoin-backed loans, enabling clients to access dollars or additional Bitcoin without needing to sell any of their existing holdings.
Since Q3 2020, Ledn has grown its assets on platform by over 4,000%, exceeding $1.7 billion. Ledn remains an industry leader when it comes to transparency and accountability standards, being the first-ever lending platform to undergo a formal proof-of-reserves attestation by a top public accounting firm. For more information visit ledn.io.