Ledn has very thorough security protocols for on-lending digital assets, and works with best-in-class industry partners to minimize the risk of its operations. When the digital assets held in your Growth accounts or loan collateral addresses are not on-lent by Ledn to borrowers or re-pledged to access USD funding, they are primarily stored at Ledn’s custodial partners.
When the digital assets are in your Transaction accounts, they are primarily held in cold storage at Ledn’s custodial partners. We keep a certain digital asset balance in hot wallets to facilitate operations, including transfers and withdrawals.
Be advised that any digital assets held on the Ledn platform are not guaranteed by any entity and are not covered by any government deposit insurer or any other investor protection insurance scheme anywhere in the world.
We offer a variety of safety features to protect your account. Our approach to security is comprehensive and addresses all layers, starting with the physical, through our networks, applications, all the way to your browser. Our site uses HTTPS, passwords and sensitive information is encrypted using AES-256, and all our processes are regulated by strict internal security policies. Additionally, login and specific actions within our platform require clients to have enabled security features such as Two-Factor Token Authentication, safelisting of addresses, or carry out confirmation video-calls for withdrawals.
You can learn more about our security practices here.