Ledn Closes $188M Bitcoin-Backed Bond Deal – Is Crypto Credit Back From the Dead...
Ledn just pulled off something big.
The company closed a $188M sale of Bitcoin backed bonds. It is the first time institutional style ****** et backed securities have been built from consumer crypto loans.
Part of the deal includes investment grade notes priced at 335 basis points over the benchmark rate. That puts it firmly in traditional finance place.
The Deal: Ledn sold $188 million in bonds secured by over 4,000 BTC, bridging retail lending with capital markets.
The Rating: S&P Global rated the majo
Ledn just pulled off something big.
The company closed a $188M sale of Bitcoin backed bonds. It is the first time institutional style ****** et backed securities have been built from consumer crypto loans.
Part of the deal includes investment grade notes priced at 335 basis points over the benchmark rate. That puts it firmly in traditional finance place.
The Deal: Ledn sold $188 million in bonds secured by over 4,000 BTC, bridging retail lending with capital markets.
The Rating: S&P Global rated the majo
2 months ago
