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
Ledn has completed a $188 million securitization of Bitcoin-backed loans, marking what a a first for the asset-backed securities market. According to Bloomberg, the crypto lending
TLDR: The transaction includes investment-grade tranches rated BBB- by S&P Global. A total of 4,078 BTC serve as collateral to ensure debt repayment. Jefferies Financial Group
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