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Bitcoin-Backed Mortgages Coming to the US and Canada in 2022 as Ledn Raises USD 70M
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A new bitcoin (BTC)-backed mortgage product that allows clients to borrow up to 100% of the value of their BTC stack might be launched in the US and Canada within months by digital asset savings and credit start-up Ledn.
The new mortgage product remains in pilot mode for selected clients in Canada for now, but according to the company, it will be made “broadly available” to clients located in the US and Canada in early 2022.
In an announcement today, the company said that it has “a growing waitlist” for the new product, and that it is targeting more than USD 100m in bitcoin-backed mortgage originations by the end of the first quarter of next year.
“Most people that hold extensive wealth in bitcoin still can't utilize their assets to qualify
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