Ledn to Acquire Arxnovum Investments


October 14, 2022

On October 6, 2022, Ledn Inc. announced an agreement to acquire Arxnovum Investments Inc.

Under the terms of the transaction, Ledn Inc. (“Ledn”) announced that it will acquire Arxnovum Investments Inc. (“Arxnovum”). After the acquisition, Arxnovum will operate as an independent business entity, which will offer Ledn digital asset investment products. The transaction is scheduled to close in the fourth quarter of 2022, pending regulatory approval. Financial and legal terms of the deal were not disclosed.

Ledn, based in Toronto, is an international financial services provider for digital assets that offers bitcoin-based loans and bitcoin-based mortgages. Ledn is currently valued at $540 million.

Arxnovum, based in Tornoto, is a digital asset fund management company that offers several cryptocurrency funds.

To read the press release: please click here.

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