Ledn Issues First Ever Bitcoin-Backed Bonds Worth $188 Million
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Crypto lender Ledn has issued $188 million in asset-backed bonds secured by bitcoin-collateralized loans, marking a first for the structured credit market. The deal includes an investment-grade tranche and relies heavily on automated bitcoin liquidations to manage risk. First Bitcoin-Backed Loan Hits Market Crypto lender Ledn has entered the structured finance arena with a $188 […]
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