Did you know that if you are a holder of digital assets, you can take a loan out against those tokens? Ledn is a company that offers this service. I met with Mauricio Di Bartolomeo, Co-Founder and CSO of Ledn for a dynamic conversation about how this works.
More about the company from CoinDesk:
Cryptocurrency lending company Ledn is offering customers crypto-backed loans where all the assets remain locked up with a qualified custodian, as the company adapts its centralized finance approach to a post-FTX world.
Ledn has done a brisk trade in standard loans to date, where bitcoin (BTC) posted as collateral can be further lent out to subsidize the loan. The firm has processed some $635 million of retail loans backed by Bitcoin, and over $4 billion on the institutional side.
“The collateral must be held in custody, and that will always be a qualified custodian, whether that is with BitGo, or one of our banking or credit fund partners,” said Ledn co-founder Mauricio Di Bartolomeo in an interview. “This is the first time this type of loan, which is done through a centralized entity that can offer 24 hour disbursements, is being offered outside the U.S. to international customers.”

Send us a text

Many more amazing technology episodes to come! Subscribe and prepare for the new world. If you would like to join the show, please reach out.
For more information, please visit the following:

Website: https://www.josephraczynski.com/

Blog: https://joetechnologist.com/
Podcast: https://techsnippetstoday.buzzsprout.com

LinkedIn: https://www.linkedin.com/in/joerazz/

X: https://x.com/joerazz