TechFlow news — Three sources familiar with the matter revealed that, in addition to FTX, BlockFi is also in funding discussions with Canadian crypto lending platform Ledn. According to the sources, Ledn would lead a $400 million investment into BlockFi, including a $50 million equity commitment, with ParaFi Capital also participating in the round.
In response to the news, Adam Reeds, CEO of Ledn, said: “Given BlockFi’s operational strength, Ledn is currently evaluating opportunities to expand its leadership position in digital asset lending and other areas. At this time, we cannot share any further details.”
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