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Ledn Is Helping To Restore Confidence In Crypto-backed Lending

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–News Direct–

By Austin DeNoce, Benzinga

In the wake of several lender failures within the crypto industry such as Genesis, Celsius and BlockFi following the collapse of FTX, the need for secure and transparent crypto lending has become a top priority.

The repercussions of these bankruptcies have instilled a cautious approach among holders and users of crypto, and for good reason. The ripple effects were seen across the entire industry, even affecting well-known entities like Binance and Kraken. This fallout from just a few years ago highlights the interconnected risks that still exist within the industry, as well as the necessity for robust risk management and transparency when considering a crypto financial services platform.

Ledn Stands Out For Security And Transparency

Ledn says it distinguishes itself from other platforms through its foundational commitment to transparency and security. Emulating the core principles of Bitcoin, Ledn was one of the first in the crypto lending industry to implement a Proof-of-Reserves attestation, performed biannually by a Certified Public Accountant. This process is enhanced by a pioneering third-party proof-of-reserves standard, setting a benchmark for accountability in digital asset management.

Ledn also provides clients with monthly open book reports detailing asset utilization and interest generation mechanisms so users know exactly where their yield is coming from. This level of clarity helps ensure that clients are not only informed, but are actively engaged in understanding the financial handling of their assets. Blind trust isnt a viable strategy in crypto, so Ledn gives its users the tools and information they need to verify the security of their investments themselves.

BTC or ETH Backed Loans

Ledns BTC/ETH backed loans provide a secure and efficient method for crypto holders to access liquidity without liquidating their digital assets. Ledn offers loans denominated in US$ against Bitcoin or Ethereum as collateral and funded in local fiat currency. These loans are particularly advantageous as using BTC or ETH as collateral is generally not a taxable event. This means crypto holders can borrow against their crypto assets without selling them.

Key features of these loans include:

  • Control over use of collateral: Ledn offers both Standard and Custodied loan options. They say they are the only lender to give their clients control over the use of their loan collateral.

  • Annual interest rate: Starting at 12.4% with an APR of 14.4%, making it a competitive option in the crypto lending space.

  • Loan-to-Value Ratio (LTV): Set at 50%, this ratio ensures a balance between the loan amount and the collateral value, providing safety for both the borrower and the lender.

  • Accessibility: With a minimum requirement of $1,000 US$ equivalent in BTC or ETH collateral, these loans are readily accessible without the need for credit checks.

  • Flexibility and speed: Loans are typically funded within 24 hours of approval and borrowers have the flexibility to repay at any time without incurring penalties. This setup is ideal for those needing quick access to funds without the hassle of traditional loan agreements.

B2X Loans

The B2X loan product by Ledn is tailored for international Bitcoin holders looking to amplify their Bitcoin holdings without additional capital. This innovative product couples a Bitcoin-backed loan with an immediate purchase of an equivalent amount of Bitcoin, effectively doubling the borrower's Bitcoin position while maintaining the original collateral under loan. Below are some of the loans key features:

  • Instant execution: B2X loans are executed immediately, which allows borrowers to capitalize on market conditions using the Bitcoin balance in their Ledn Transaction account.

  • Competitive rates: The interest rates for B2X loans start at 12.4%, with an APR beginning at 14.4%, consistent with the rates of standard BTC/ETH backed loans.

  • Loan terms: These loans offer a 50% LTV ratio and terms up to 12 months, with the flexibility for early repayment without penalties, catering to both short-term and medium-term financial strategies.

  • Simplicity and accessibility: Like other Ledn products, B2X loans require a minimum of $1,000 USD equivalent in BTC collateral for automatic approval, bypassing traditional credit checks and making it straightforward for clients to increase their Bitcoin holdings efficiently.

A Reliable Partner In Crypto

Ledn's commitment to security, coupled with its innovative loan products, position it as a formidable entity in the crypto financial services sector. By prioritizing transparency and client security, Ledn adheres to high standards of asset management in order to build trust with its users. Whether through BTC/ETH backed loans or the unique B2X offering, Ledn provides compelling solutions for those looking to maximize the potential of their digital assets.

Read Ledns risk disclosure statement.

Featured photo by Brian Wangenheim on Unsplash.

Ledn builds innovative financial products with a mission to make generational wealth more accessible through digital assets. The company issued Canadas first bitcoin-backed loan in 2018 and has issued nearly $5B loans since. Ledn is proud to help clients in over 130 countries access credit and savings products to grow their digital wealth. For more information, visit ledn.io.

This post contains sponsored content. This content is for informational purposes only and is not intended to be investing or tax advice.

Contact Details

Adam Reeds

adam@ledn.io

Company Website

https://ledn.io/

View source version on newsdirect.com: https://newsdirect.com/news/ledn-is-helping-to-restore-confidence-in-crypto-backed-lending-846776533

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Press Release

Shared Pets LLC Launches Revolutionary High-Tech Products to Enhance Pet Care Experience

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United States, 24th Oct 2024 – Shared Pets LLC, a leading innovator in the pet care industry, is excited to announce the launch of its latest line of smart, high-tech products designed to improve the lives of pets and their owners. Focused on merging advanced technology with pet care, Shared Pets LLC is committed to creating solutions that offer convenience, entertainment, and health benefits for pets and their families.

The company’s mission is clear: to enrich the bond between pets and their owners by offering innovative products that simplify daily care routines and enhance the quality of life for both. Each product in Shared Pets LLC’s collection is designed with the modern pet parent in mind, combining technology and functionality to make pet ownership more enjoyable and hassle-free.

A Vision for Enriching Pet Lives

Shared Pets LLC strives to bring the latest advancements in technology to the pet care sector, ensuring pets receive the best care possible while strengthening the connection between pets and their families. The company meticulously designs and selects its product range to meet the highest standards of quality, innovation, and usability. From smart feeders to health monitoring devices, Shared Pets LLC aims to make every moment spent with pets more rewarding.

“Our mission is to provide pet owners with high-tech solutions that improve their daily interactions with their pets,” a spokesperson for Shared Pets LLC shared. “We recognize the deep bond between pets and their families, and we want to support that relationship with products that offer both practical benefits and joy.”

Innovative Product Offerings for Modern Pet Owners

Shared Pets LLC’s product line includes an impressive range of high-tech pet care tools, such as smart feeders, interactive toys, GPS trackers, and health monitoring devices. These products are designed not only to improve pet well-being but also to provide peace of mind and convenience for pet owners.

  • Smart Feeders: These innovative feeders allow pet owners to manage and monitor their pet’s meals remotely, ensuring proper portioning and timely feeding, even when they are away from home.
  • Interactive Toys: Designed to keep pets mentally stimulated and entertained, these toys offer interactive features that engage pets, helping reduce boredom and anxiety.
  • GPS Trackers: These devices provide pet owners with real-time location tracking, ensuring the safety and security of their pets wherever they may roam.
  • Health Monitoring Devices: Shared Pets LLC’s health-focused devices help pet parents keep track of their pet’s physical activity and well-being, allowing for early detection of health issues and promoting overall fitness.

Crafted with Premium Materials

All Shared Pets LLC products are handmade using high-quality materials to ensure durability, comfort, and safety. The company places a strong emphasis on creating products that meet the highest standards of reliability while maintaining an aesthetic appeal that suits both pets and their owners.

Bringing the Future of Pet Care Today

Shared Pets LLC is dedicated to pushing the boundaries of pet care by leveraging cutting-edge technology to simplify pet ownership and create more interactive experiences. The company invites pet owners to explore its innovative products and discover how technology can enhance the care, safety, and happiness of their pets.

For more Information visit https://sharedpets.com 

About Shared Pets LLC

Shared Pets LLC is a technology-driven company that specializes in creating high-quality, innovative pet care products. Focused on merging the latest advancements in technology with practical pet care solutions, Shared Pets LLC aims to enhance the bond between pets and their owners while providing products that are both functional and enjoyable.

Media Contact

Organization: Shared Pets LLC

Contact Person: PR Contact

Website: https://sharedpets.com/

Email: Send Email

Country: United States

Release Id: 24102418970

The post Shared Pets LLC Launches Revolutionary High-Tech Products to Enhance Pet Care Experience appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Solar Installer Awarded EnergySage Elite+ Status, Offering Quality Solar in 9 States

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Houston, TXIntegrateSun, a leading provider of solar energy solutions, is proud to announce its designation as an Elite+ Installer on EnergySage, the most trusted online marketplace for clean energy. This prestigious recognition solidifies IntegrateSun’s position as a top-tier solar installer and reflects the company’s commitment to providing exceptional service and quality control.

As an Elite+ installer, IntegrateSun joins a distinguished group of solar companies who consistently deliver both quality solar and stellar customer service for over two years on the EnergySage platform. This partnership amplifies both companies’ shared mission to accelerate the transition to clean energy by making solar energy more accessible to homeowners and businesses alike.

“Achieving Elite+ status on EnergySage is a testament to the hard work and dedication of our entire team,” said Waqas Hassan, CEO of IntegrateSun. “At IntegrateSun, we prioritize delivering quality and building trust with our customers. Partnering with EnergySage allows us to expand that mission and reach more people across the country who are ready to embrace clean and sustainable energy.”

Headquartered in Houston, TX, IntegrateSun serves multiple key markets, including Texas, California, Oklahoma, Nevada, Arizona, Pennsylvania, Maryland, Washington D.C., and Georgia. With a strong track record in residential and commercial solar installations, IntegrateSun is poised to further its leadership in the renewable energy sector.

“We’re thrilled to recognize IntegrateSun for achieving Elite+ Installer status,” said Sam Thompson, VP of Marketplace at EnergySage. “Their commitment to providing high-quality solar installations and top-tier customer service aligns perfectly with our mission at EnergySage. This partnership enables us to better serve homeowners looking for trusted, reliable solar installers in their regions.”

About IntegrateSun:

IntegrateSun specializes in delivering cutting-edge solar energy solutions for residential and commercial customers. With a focus on quality, sustainability, and customer service, IntegrateSun continues to expand its footprint nationwide, helping customers harness the power of solar energy for a cleaner future.

For media inquiries, please contact:

hello@integratesun.com

http://www.integratesun.com 

Houston, TX

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Royalty Management Acquires Royalty Stream In The Controlled Environment Agriculture Industry

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Provides Royalty Management with an equity interest and royalty stream from sales of patented products that serve the indoor farming and controlled agriculture spaces.Investment continues Company’s target of investments in food security sectors.

FISHERS, INDIANA / October 24, 2024 / Royalty Management Holding Corporation (Nasdaq: RMCO) (“Royalty Management” or the “Company”), an innovative royalty company building shareholder value by acquiring and developing high value assets in a variety of resource-driven and emerging technology industries, is pleased to announce that it has purchased an equity interest and royalty stream from sales of controlled agriculture and greenhouse products produced and sold by a leading-edge innovator in the greenhouse space.  The royalty stream comes from sales of certain innovative, patented consumables used in controlled growing environment.

The amount of the royalty payable to the Company is based on volumes of these greenhouse consumable product sales, and ranges from 1.4% to 2.2% of sales. The seller is expected to start producing royalty income for Royalty Management starting in early 2025. A confidentiality agreement currently in place restricts Royalty Management from disclosing the name of the producer of the greenhouse/controlled agriculture products.

Thomas Sauve, Chief Executive Officer of the Company, stated, “Innovative controlled growing environment platforms that increase food production and yields will be essential for our food security and as regional populations grow. We are thrilled to continue our investment in this critical industry given the need for affordable and productive food based growing environments. This investment, combined with our previous participation as a gold member sponsor of the CASFER technologies (www.casefer.us) provides us direct investment royalties and cash flows from food production and technologies products.. This investment and this company have the ability to revolutionize the indoor agriculture and controlled growing environment space though high-density production of foods and produce. We are excited about this partnership for a variety of reasons, including the potential for further investment and collaboration with our partner and their team on accelerating deployment and innovation of this technology.

About Royalty Management Holding Corporation

Royalty Management Holding Corporation (NASDAQ: RMCO) is a royalty company building shareholder value to benefit both its shareholders and communities by acquiring and developing high value assets in sustainable market environments. The business model focuses on acquiring and structuring cashflow and revenue streams around assets that can support the communities by monetizing the current existing cash flow streams while identifying transitionary cash flow from the assets for the future. For more information visit www.royaltymgmtcorp.com.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those that will be set forth in the “Risk Factors” section of the Company’s registration statement and proxy statement/prospectus to be filed with the SEC. Copies will be available on the SEC’s website, www.sec.gov. The information contained in this release is as of the date first set forth above.  The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media Contact

Organization: Royalty Management Holding Corporation

Contact Person: Thomas Sauve

Website: https://www.royaltymgmtcorp.com

Email: Send Email

Contact Number: +13178559926

Address: 12115 Visionary Way

Address 2: Suite 174

City: Fishers

State: Indiana

Country: United States

Release Id: 24102418971

The post Royalty Management Acquires Royalty Stream In The Controlled Environment Agriculture Industry appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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