Crypto lending platform Ledn has closed a $188 million asset-backed securities (ABS) issuance backed by its portfolio of Bitcoin (CRYPTO: BTC)-collateralized retail loans, marking what the company describes as an industry first.
On Feb. 20, Ledn announced that S&P Global Ratings assigned a BBB- investment-grade rating to the senior notes in the offering. According to the company, this represents the first time a major global credit rating agency has granted an investment-grade rating tied to a digital asset lending portfolio.
Asset-backed securities are structured financial instruments typically supported by pools of loans, such as auto loans or mortgages. By packaging Bitcoin-collateralized loans into an ABS structure, Ledn is effectively bridging crypto-native lending with traditional fixed-income capital markets.
In global finance, an investment-grade rating signals that an asset meets specific benchmarks for credit quality and structural protections. A BBB- rating sits at the lower end of the investment-grade spectrum but remains above speculative, or “junk,” status.
Ledn stated that its operations underwent an extended evaluation as part of the rating process. Its loan book and risk management framework were assessed using methodologies commonly applied to traditional consumer lending assets.
Source: Official Ledn announcement
Disclaimer: Crypto Economy Flash News is prepared using official and publicly available sources verified by our editorial team. Its purpose is to provide rapid updates on relevant developments within the crypto and blockchain sector.
This information does not constitute financial advice or an investment recommendation. Readers should verify official channels before making related decisions.
![Is Dogecoin [DOGE] Security? Mad Money's Jim Cramer believe so](https://crypto-economy.com//wp-content/uploads/2022/01/Capture-2-300x184.jpg)
