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Ledn raises $70 million, announces new bitcoin-backed mortgage product

Crypto lending firm Ledn announced Wednesday that it has raised $70 million in a Series B funding round and is now valued at $540 million. Dan Tapiero’s 10T Holdings led the round. As part of the deal, Tapiero is joining Ledn’s board of directors. Other new investors in the round included Golden Tree Asset Management, Raptor Group, and FJ Labs. All existing investors, including Coinbase Ventures, Alan Howard, ParaFi Capital, and Susquehanna Private Equity Investments also participated in the round. …