“Hoseki’s proof-of-asset documentation will be essential for borrowers to work with teams like Ledn as the bitcoin economy continues to grow and mature,” Sam Abbassi, Hoseki CEO, said in the statement.

Upon closing the series B round, the bitcoin lending platform [Ledn] also announced a bitcoin-backed mortgage product, which it said has gathered over $2 billion worth of interest since.

“Easy and standardized asset ownership documentation for all bitcoin investors can accelerate the volume of loan originations and broader maturity of the digital asset market by leaps and bounds.”