After riding last year’s crypto lending boom while avoiding some of the pitfalls that befell its competitors, Ledn co-founder and chief strategy officer (CSO) Mauricio Di Bartolomeo believes the firm is ready to navigate the current ‘crypto winter.’
Over the past year and a half, the Toronto-based crypto lending startup has grown from about 10 to 110 employees, and closed a total of nearly $130 million CAD across a trio of funding rounds, including seed, Series A, and Series B financing. As cryptocurrency asset prices rose and demand for crypto lending soared, Ledn grew the amount of assets on its platform from around $150 million to a high of $1.7 billion in 2021.
“It’s to protect people from the next Luna. It’s protecting them from the next Quadriga … If they had Proof-of-Reserves, this would have come out—you know, it wouldn’t have allowed the Ponzi to get so…
