Ledn Announced Agreement To Acquire Arxnovum Investments

Ledn Inc., a global supplier of financial services for digital assets, announced that it has agreed to purchase Arxnovum Investments Inc., a registered Canadian manager of investments in digital assets. The proposed purchase would enable Ledn to provide digital asset financial products to its accredited client base in Canada and worldwide by allowing Arxnovum’s fully registered firm to operate as an autonomous business division under Ledn. According to regulatory approval, the acquisition is scheduled to be completed in the fourth quarter of 2022. Shaun Cumby, the man behind the historic settlement with the Ontario Securities Commission (OSC) in late 2019 that allowed publicly traded digital asset funds in Canada, created Arxnovum in 2021. Services By Arxnovum Arxnovum now serves as an investment manager for digital assets, providing active and passive approaches for access to digital assets. It is registered as a Commodity Trading Manager (CTM), Investment Fund Manager (IFM), Portfolio Manager (PM), and Exempt Market Dealer (EMD) with several Canadian securities regulatory bodies. Adam Reeds, Co-founder and Chief Executive Officer of Ledn, stated that the recent industry turmoil highlighted the differences among lenders for digital assets, stressing the need for regulation to improve customer confidence and transparency. Ledn continues to drive development, emerging as a worldwide leader in digital asset financial services, i...