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$5 Million In Government Contract Finance To The Provenance Chain Network To Help Expand Operations

LEONID To Provide $5 Million In Contract Finance To The Provenance Chain Network To Help Expand Operations

The Provenance Chain™ Network, developer of the Commercial TrustTM Protocol, today announced a partnership with LEONID, a financial services platform supporting U.S. Federal Government contractors. Through the partnership, LEONID will provide PCN with a $5 MM revolving line of credit used to help fuel the company’s operational and growth objectives.

“As a DOD Trusted Capital Provider, we specialize in bespoke contract-based financial services. Given PCN’s incredible growth and inroads into the U.S. Federal Government—we are well-aligned,” said Christopher Lay, CEO of LEONID. “PCN wants to expand and can now easily do so by leveraging our credit facility while avoiding taking any further equity dilution of its shareholder base.”

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