Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Crypto lending company Ledn is offering low-risk escrow loans to customers
2023-12-06 15:30
Odaily News Cryptocurrency lending company Ledn is offering customers cryptocurrency-backed loans in which all assets are locked with qualified custodians. Ledn co-founder Mauricio Di Bartolomeo said: “Collateral must be held by qualified custodians, whether it is BitGo is also our bank or credit fund partner. This is the first time this type of loan has been offered to international customers outside the United States, and the loan is done through a centralized entity that can provide 24-hour payments.” (Coindesk)