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Ledn to acquire Arxnovum Investments, a fully-registered, Canadian digital asset investment manager

Ledn | Release | Oct 6, 2022

Ledn and Arxnovum - Ledn to acquire Arxnovum Investments, a fully-registered, Canadian digital asset investment managerLedn to acquire Arxnovum Investments to run asset management subsidiary

  • TORONTO, Oct. 6, 2022 /PRNewswire/ - Ledn Inc. ("Ledn"), a global financial services provider for digital assets, is pleased to announce that it has reached an agreement to acquire Arxnovum Investments Inc. ("Arxnovum"), a regulated Canadian digital asset investment manager.
  • The proposed acquisition will allow  Arxnovum's fully-registered business to operate as an independent business unit under Ledn, enabling Ledn to offer digital asset investment products to its accredited client base both in Canada and globally.
  • The transaction is expected to close in the fourth quarter of 2022, subject to regulatory approval.

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  • Arxnovum: 
    • Arxnovum was founded in 2021 by Shaun Cumby and operates as a digital asset investment manager offering investors active and passive strategies to gain exposure to digital assets.
    • It is registered with certain securities regulatory authorities in Canada as an Investment Fund Manager ("IFM"), Portfolio Manager ("PM"), Commodity Trading Manager ("CTM") and Exempt Market Dealer ("EMD").

Adam Reeds, Co-founder and CEO of Ledn:

The recent turmoil in the industry emphasized that not all digital asset lenders are created equal and regulation is key to building trust and transparency among customers. While many of our peers suffered losses recently, Ledn continues to drive growth, emerging as a global leader in digital asset financial services, including lending and savings products.  With this acquisition, Ledn will become the first digital asset lender to offer yield fund products under the exempt market dealer registration. It will also allow us to offer more investment opportunities to accredited clients in markets that recognize Canadian securities regulations, to increase their digital asset holdings.

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Shawn Cumby, Founder and CEO of Arxnovum:

I am excited to build and expand access to digital asset investments with Ledn while continuing to work with my great business partner, Tanvir Sodhi.  We look forward to combining our expertise with Ledn's market reach, operational capabilities and robust risk management practices.

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NCFA Jan 2018 resize - Ledn to acquire Arxnovum Investments, a fully-registered, Canadian digital asset investment managerThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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