ledn

Crypto lender packages more than 5,400 bitcoin collateralized loans into first asset backed securities transaction of its kind.
Bitcoin
What to know:
Ledn sold $188m of bonds backed by 5,400 bitcoin collateralized consumer loans, with an investment grade tranche priced at +335 basis points.Automated liquidation of bitcoin collateral helped shield asset backed security investors even as the token fell.
Ledn, a crypto lending company, has completed the first asset-backed securities (ABS) deal backed by bitcoin collateral, raising $188 million for crypto credit markets.
Asset-backed securities are bonds backed by pools of underlying loans, with investors receiving payments from the cash flows generated by those loans.
Bloomberg reported that the bonds are secured by a pool of more than 5,400 consumer loans issued by the firm, each backed by borrowers’ bitcoin holdings. The loans carry a weighted average interest rate of 11.8%.
The deal includes two tranches, with the investment-grade portion priced at 335 basis points over the benchmark rate. Jefferies served as sole structuring agent and bookrunner, according to Bloomberg.
Bitcoin’s volatility has been in focus, with the largest cryptocurrency by market capitalization falling as much as 50% over the past four months to as low as $60,000.

The structure employs automated collateral liquidation when thresholds are breached, a feature designed to protect investors during sharp market declines.
#BTC #bitcoin #TRUMP #TrendingTopic #ledn

$BTC
Ledn, a prominent crypto lending firm, has issued $188 million in bonds backed by more than 5,400 loans collateralized with Bitcoin, marking the first asset-backed securities transaction of this nature in the crypto market. This initiative bridges traditional financial asset-backed instruments with Bitcoin collateral, providing a new pathway for liquidity and institutional participation in crypto lending. It showcases innovative financial structuring by leveraging Bitcoin's growing adoption as an asset class for secured lending.
Market Psychology
Investor sentiment is cautiously optimistic, driven by the novelty of integrating Bitcoin-backed loans into structured financial products familiar to institutional investors. This development may instill increased confidence in crypto lending platforms by presenting a regulated, securitized investment option. Social media and investor forums are highlighting this step as an advancement towards broader crypto asset acceptance, with hope for improved transparency and risk mitigation. Trading volumes in NFT-lending tokens and crypto debt instruments have shown slight upticks since the announcement, reflecting tentative market interest.
Past & Future
- Past: Previously, crypto lending platforms primarily relied on unsecured or overcollateralized loans without structured bond issuance, limiting their funding channels. Traditional ABS markets have long been employed in fiat lending but are new to crypto. Earlier hesitant attempts at tokenizing loans lacked scale and regulatory clarity.
- Future: If this ABS model proves successful, it can unlock significant capital flow into the crypto lending sector, potentially increasing lending volumes by 20-30% over the next year. Institutional investors might gain enhanced access via regulated bonds, reducing counterparty risk concerns. However, market acceptance will depend on regulatory endorsements and the stability of Bitcoin prices, with risk triggers potentially linked to Bitcoin price volatility exceeding 10% over short periods.
Ripple Effect
This pioneering bond issuance could accelerate institutional adoption of Bitcoin-backed financial products and raise the benchmark for transparency and credit quality in crypto-backed lending. It may pressure other crypto lenders to develop similar securitized products, creating a new asset class that blends traditional fixed income with crypto exposure. Risks include market volatility affecting loan performance and repercussions for bond valuations, especially if Bitcoin’s price drops sharply, triggering collateral liquidation. Regulatory scrutiny will intensify, potentially leading to clearer frameworks but also stricter compliance costs.
Investment Strategy
Recommendation: Buy
- Execution Strategy: Adopt a cautious buy approach targeting gains from increasing institutional demand for crypto-backed debt products. Initiate partial entries on pullbacks identified by short-term moving average supports and Bollinger Band oversold signals to optimize entry price.
- Risk Management Strategy: Employ stop-loss orders set 5-8% below entry points to control downside, reflecting the volatility inherent to Bitcoin collateral exposure. Maintain a favorable risk-to-reward ratio of at least 1:2 before scaling positions.
- Rationale: Ledn’s milestone signals growing maturity in crypto lending markets and institutional interest, which historically correlates with positive price movements for related crypto debt and lending tokens. Continued growth in adoption of such ABS instruments may underpin demand and price stability. However, investors should monitor Bitcoin price volatility closely, as high dips could impact loan collateral and bond performance.
This approach balances optimism on structural innovation with prudent risk management, mirroring successful Wall Street strategies that emphasize technical confirmations and phased exposure in new financial market frontiers.#BTCBond #StrategyBTCPurchase #BTCLoan #Ledn

La scommessa senza precedenti di Ledn sulla debito
#Ledn , una piattaforma specializzata nei prestiti garantiti da criptovalute, ha appena aperto un nuovo capitolo per la finanza digitale raccogliendo 188 milioni di dollari tramite un'emissione di obbligazioni garantite da prestiti #bitcoin ( $BTC ). Questa operazione, realizzata mercoledì secondo i dati del rapporto datato 9 febbraio, segna la prima incursione del Bitcoin nel settore tradizionale delle asset-backed securities (ABS), questi titoli di debito garantiti da un insieme di attività sottostanti. La transazione è stata strutturata in due tranche distinte, di cui una ha ottenuto la valutazione "investment grade", segno di un riconoscimento istituzionale senza precedenti per un prodotto così esposto alla volatilità delle criptovalute.

Punti Chiave:
Ledn lancia un servizio di prestito premium per clienti con prestiti attivi garantiti da $BTC di $250K+.
Il programma offre tassi personalizzati, transazioni accelerate e accesso diretto ai manager di relazione.
Segnala un crescente interesse istituzionale per i prestiti garantiti da cripto, con JPMorgan che entra nel settore.
Ledn, una piattaforma di prestiti cripto leader, ha ufficialmente lanciato il suo Programma di Patrimonio Privato, dedicato a individui e istituzioni ad alto patrimonio netto che detengono sostanziali portafogli di Bitcoin. Questa iniziativa mira a fornire ai clienti d'élite servizi finanziari personalizzati, consentendo loro di sbloccare liquidità senza vendere i loro $BTC , una strategia sempre più preferita da investitori sofisticati.

#Ledn – la piattaforma di prestiti in criptovaluta centralizzata con sede in oltre 130 paesi – si sta preparando a espandersi in California, mentre le istituzioni finanziarie tradizionali (TradFi) iniziano a entrare seriamente nel mercato crypto. Con un patrimonio totale gestito di fino a 1,5 miliardi di dollari, Ledn sta scommettendo che l'ondata di istituzioni in arrivo cambierà il panorama del settore del lending crypto.

Una grande visione dall'Occidente

In una recente intervista, il CEO e co-fondatore di Ledn – Adam Reeds – ha rivelato che l'azienda ha presentato domanda per la licenza operativa nello stato della California. Questo è visto come un passo strategico per espandersi negli Stati Uniti, dove le normative sul crypto stanno diventando gradualmente 'più morbide' dopo che l'ex presidente della SEC Gary Gensler ha lasciato l'incarico.

Lo sviluppo del mercato delle criptovalute non si limita all'espansione della capitalizzazione o all'emergere di nuove monete, ma si basa anche sulla maturità dell'infrastruttura finanziaria intorno agli asset digitali core. In una mossa che rafforza solidamente questo aspetto, Tether, la più grande azienda emittente di stablecoin al mondo, ha appena annunciato un investimento strategico in Ledn, un fornitore di servizi di prestito garantiti da Bitcoin di fiducia. Questo investimento è chiaramente posizionato per aumentare e ampliare le opportunità nel settore del credito basato su Bitcoin, un segmento di mercato che sta vivendo un'esplosione di domanda e una crescente fiducia sia da parte degli investitori al dettaglio che delle grandi istituzioni.