Crypto Lender BlockFi Talks With Ledn for financing

07/01 03:48

According to Bloomberg, troubled crypto lender BlockFi has been approached about a deal with another party that includes rival Ledn, according to three people with knowledge of the matter. Ledn would lead a funding round of up to $400 million and provide a $50 million equity contribution that would give Ledn a significant portion of the company, two of the people said. Other investors would include ParaFi Capital, they said. “Given its operational strength, Ledn is currently evaluating a number of opportunities to broaden its leadership in digital asset lending and beyond,” Ledn Chief Executive Officer Adam Reeds said in a statement provided by Ledn when asked for comment on a potential BlockFi deal. “At the moment, we cannot share any additional details.”
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