Updated

Updated · The Banker · Aug 17

Ledn Issues First Investment-Grade Bitcoin-Backed ABS After Originating $11 Billion in Loans

Updated

Updated · The Banker · Aug 17

Ledn Issues First Investment-Grade Bitcoin-Backed ABS After Originating $11 Billion in Loans

1 articles · Updated · The Banker · Aug 17

February 2026 marked Ledn’s issuance of the digital-asset industry’s first investment-grade-rated asset-backed security backed by bitcoin-linked loans.
Ledn built that deal on a lending model that lets retail investors and small businesses use bitcoin as collateral instead of selling it.
More than $11 billion in loans since 2018 and clients in over 100 countries gave the company the scale to bring a rated securitization to market.
The milestone extends Ledn’s push into markets, including developing economies, where credit is often limited to wealthier borrowers.

Sources

How did a crypto lender survive the industry's catastrophic collapse to create Wall Street's first investment-grade Bitcoin security?

Could securitizing Bitcoin loans transform digital assets into a trillion-dollar mortgage-style market, or is it just repackaging extreme volatility?

With Bitcoin's notorious volatility, how can automated liquidation systems truly protect borrowers from devastating flash crashes?

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