About Ledn

Ledn is a global financial services company dedicated to providing secure, transparent, and efficient digital asset-based solutions. Our mission is to help clients build long-term wealth by offering a suite of innovative products, including interest-earning accounts, loans, and trading services. Operating in over 127 countries, Ledn continues to expand its reach, ensuring clients can access reliable financial products wherever they are.

Why Choose Ledn?
Ledn’s dedication to simplicity and transparency fosters trust, empowering clients to manage assets confidently with straightforward products. Ledn is proud to be the first digital asset lending company to complete a Proof-of-Reserves attestation, underscoring its commitment to transparency. Additionally, Ledn Cayman SEZC Inc. is a registered Virtual Asset Service Provider under the Cayman Islands Monetary Authority. 

Stay informed about our latest updates by visiting our blog or following us on Twitter, Instagram, and Facebook.

Ledn provides a diverse suite of products designed to help you manage and grow your digital assets:

• Transaction Accounts: Primarily held in cold storage, this non-interest-bearing account enables you to deposit and withdraw BTC, USDC, ETH, and USDT. Use your Transaction Account to transfer assets to and from your Growth Account, manage your loans by maintaining funds for manual or Auto Top-Ups, or access the Ledn Trade feature to seamlessly trade between BTC and USDC.
• Growth Accounts: Earn interest on BTC, USDC, ETH, and USDT. Enjoy flexible, secure methods to grow your digital assets.
• Dual Cryptocurrency Notes (DCNs): Fixed-term interest products that allow you to set target prices for future BTC or USD transactions.
• Ledn Trade: Seamlessly exchange between BTC and USDC on a secure platform.
• Ledn Transfer: Send BTC or USDC to other Ledn users quickly and without fees, using just an email or Ledn Handle.
• Ledn Loans:
  • Dollar Loans: Borrow USD using your Bitcoin or Ethereum as collateral without selling your digital assets. Dollar Loans can also be funded in local fiat currency or USDC) and are available in Standard and Custodied collateral management options.
  • B2X Loans: Instantly double your Bitcoin exposure by purchasing additional BTC using the value of your existing Bitcoin as collateral.

Availability:

Services may vary by jurisdiction. You can check availability in your location by visiting our eligibility page here.

Ledn’s products are provided through several entities to meet regulatory and compliance requirements:

• Ledn Transaction Accounts, Ledn Trade, and Custodied Dollar Loans are managed by Ledn Cayman SEZC Inc., which is registered with the Cayman Islands Monetary Authority (CIMA) as a Virtual Asset Service Provider. This registration does not imply CIMA’s endorsement.
• Growth Accounts (BTC, USDC, ETH, USDT) are managed by separate entities (B SA I Company, UC SA I Company, E SA I Company and UT SA I Company, respectively), each organized under Cayman Islands law.
• Standard Loans are offered by SL I Company in the Cayman Islands.
• Dual Cryptocurrency Notes (DCNs) are issued by Ledn Global PA Capital Inc., a company established under the laws of Panama.
• The Ledn platform, accessible at www.ledn.io, is operated by 21 Technologies Inc., established under the laws of the Cayman Islands.

Regulatory Compliance:
Ledn is committed to adhering to the regulatory requirements in all jurisdictions it serves, and our approach emphasizes transparency, security, and strict compliance, including Know-Your-Customer (KYC) and Anti-Money Laundering (AML) standards.

Ledn prioritizes the security of client assets. We employ advanced security protocols and work with top-tier custodial partners to mitigate risks. Here’s how we keep your assets safe:

• Encryption & Security Layers: Our platform uses HTTPS, AES-256 encryption, and strict internal security policies across all levels.
• Account Security Features: Clients can enable Two-Factor Authentication (2FA), safelisting, and even confirmation video calls for withdrawals to enhance account security.
• Redundancy and Recovery: Ledn collaborates with custodial partners that implement multi-signature wallets and stringent access protocols to ensure asset continuity even in unexpected situations.

Learn More:
Explore more about our security practices in the Security Center.

Are My Digital Asset Balances Insured?

While Ledn implements rigorous protocols to protect client assets, it is important to note that digital assets held within the Ledn platform are not guaranteed by any entity and are not covered by government deposit insurance. 

How Does Ledn Safeguard My Digital Assets? 

There are several ways in which Ledn protects your Digital Assets. You can find them here. 

How Can I Further Protect My Account?

Ledn offers:

• Two-Factor Authentication (2FA): Adds an extra layer of protection to your account.
• Safelisting: Limits withdrawals to pre-approved wallet addresses to reduce unauthorized access risks.

A Proof-of-Reserves (PoR) attestation is a procedure whereby an independent public accountant confirms Ledn’s digital assets balances at a point in time, independent of Ledn’s management. The attestation conducted by The Network Firm LLP (TNF) ensures that the company’s assets and liabilities are properly accounted for. Clients can also independently verify their balances, fostering trust and confidence in Ledn’s operations.

How the Attestation Works:

• Review Process: TNF reviews Ledn’s digital asset balances, including lending operations and custodial balances to confirm everything is accurately accounted for. 
• Verification for Clients: Each client receives a unique, anonymized hashed ID that can be used to verify their balance on TNF’s LedgerLens platform.

How to Verify Your Balance:

1. Log In: Access your Ledn account and navigate to the Proof of Reserves section.
2. Copy Hashed Client ID: Securely copy your unique ID.
3. Visit LedgerLens: Use the "Confirm Assets" link to go to LedgerLens.
4. Verify: Paste your Hashed ID and check your balance’s inclusion.
5. Additional Verification: Locate your account’s information within the Merkle Tree on LedgerLens to confirm data integrity.

Privacy Assurance:
No personal information is shared during the attestation. TNF only receives hashed IDs, ensuring anonymity and data security.

Frequency:
PoR procedures are conducted at least every six months, with the most recent completed on March 31 st, 2025. Clients are notified when new reports are available.

Why Might Balances Differ?
The PoR report captures balances at a specific point in time. If transactions have occurred since the attestation, current balances may differ.

Learn More:
For more details, visit our Proof-of-Reserves Guide.

At Ledn, everything we do is guided by three core principles:

1. We listen to our clients — Your feedback helps shape our roadmap.
2. We put client security above all else — We’re always asking how we can strengthen our risk management protocols.
3. We focus on simplicity — We believe the best restaurants have the smallest menus. This means focusing on doing a few things, like bitcoin-backed loans, better than anyone else.

With that in mind, we’re making a set of important changes to improve your Ledn experience. Effective July 1, 2025, we will:

• Remove support for ETH across the platform, including Transaction & Growth accounts and loans, to focus on bitcoin.
• No longer support BTC and ETH Growth accounts to focus on bitcoin-backed loans.
• Transition fully to Custodied Loans as our single loan product, removing support for Standard loans.

These updates reinforce what clients have told us they value most: a safe, simple way to borrow against their bitcoin.

At Ledn, we’ve set the standard for what it means to be a bitcoin-backed lender. Now, we’re raising it.

These updates reflect what we’ve consistently heard from our clients: Make it simpler. Make it safer. Keep doing what you do best — bitcoin-backed loans.

In a time when more companies are entering the space, our focus is sharper than ever: to deliver the safest, simplest, and best borrowing experience in the market.

These changes aren’t just product updates — they are proof points of what sets Ledn apart:

• You asked, we listened: Many clients told us they want a bitcoin-only platform and 100%  focus on the security of your assets.
• Security, always: We’re doubling down on the world-class risk management and execution that our reputation is built on by simplifying our platform and removing any ambiguity about how your bitcoin collateral is treated.
• No trade-offs: With Custodied Loans, you get highly competitive rates and full peace of mind — your bitcoin stays securely held, never lent out.
• Simplicity as a superpower: One clear, streamlined loan experience — easy to understand, easy to use, easy to trust. It’s never been easier to take action, manage your loan, or understand exactly where your bitcoin is.

What this means for you:

• A bitcoin-first and bitcoin-only platform
• One simple, secure way to borrow against your bitcoin
• Competitive rates — without the trade-offs
• A platform built around clarity and transparency
• Complete confidence in where your bitcoin is and how it’s handled

We’re focusing on what we do best: bitcoin-backed lending. Removing ethereum allows us to streamline the platform, reinforce our bitcoin-first identity, and invest more deeply in what our clients rely on us for most — delivering the best bitcoin-backed loans in the game.

• New ETH-backed Loans: You will no longer be able to apply for a new ETH-backed loan as of July 1.
• Existing ETH-backed Loans: You can continue to manage (top up, repay, close) any existing ETH-backed loans. If your loan has not been repaid by the maturity date, your collateral will be sold to repay the loan and any remaining collateral will be returned to your Transaction account.
• ETH Deposits: You can withdraw your ETH at any time.
  • For clients with an active ETH loan as of July 1, you will be allowed to deposit to your ETH Transaction account for the purposes of managing your loan.
  • For clients with no active ETH loans as of July 1, no new deposits will be accepted into your ETH Transaction Account after July 1.

ETH Growth Accounts: Final interest payments will be paid out on July 1 and interest rates will be set to 0%. Your Growth Account balance will then be automatically moved into your Transaction Account at a later date. You will be able to withdraw ETH to your ETH Transaction account at any time.

We’re focusing the entire Ledn platform on what we do best: helping clients unlock liquidity through simple, secure bitcoin-backed loans. Sunsetting BTC and ETH Growth Accounts allows us to keep things clear, focused, and fully aligned with delivering the best borrowing experience in the market. 

• Interest Payments: Your final BTC and/or ETH Growth account interest payment will occur on July 1, 2025.
• Growth Account Balances: You will be able to withdraw to your Transaction account at any time. Your Growth Account balance will then be automatically moved into your Transaction Account at a later date. 

Please note that USDC and USDT Growth accounts will not be affected by these changes if you reside outside the EU. Clients who reside outside the EU with balances in USDC and USDT Growth accounts do not need to take any action for these accounts.

USDT and USDC Growth Accounts form part of how we fund our bitcoin-backed loans. Therefore, interest in these accounts is generated through internal loan funding and not through 3rd party institutional lending. Keeping these accounts online does not affect our commitment to pause 3rd party institutional lending and instead, helps us enhance our core, bitcoin-backed loan product. Please note that there are regional restrictions on where we can offer USDT / USDC Growth Accounts, so these jurisdictional restrictions continue to apply.