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13 Articles
13 Articles
Ledn announces the completion of its first $188 million Bitcoin-backed bond sale, a first in the digital asset-linked debt market.
Bitcoin-Backed Bonds Facing Stress Test After Bitcoin Selloff, S&P Says
Wall Street’s first public bitcoin-backed bond, issued by Ledn and rated by S&P, is facing stress after a 27% bitcoin drop forced liquidations. Wall Street’s first attempt at a public bond sale backed by bitcoin loans has hit some turbulence after bitcoin’s sharp decline triggered forced liquidations. Bankers at Jefferies have spent months pitching institutional investors on a $188 million asset-backed bond deal tied to thousands of loans issued…
The cryptocurrency loan company, Ledn, backed by Tether, sold bitcoin-secured bonds worth $188 million in a pioneering transaction in the traditional financial world. *** Ledn achieves a milestone: it sells bonds for $188 million guaranteed with Bitcoin The cryptocurrency loan company is backed by Tether. The transaction was historic within the asset-backed securities market (ABS). Ledn achieves a milestone: it sells Bitcoin-secured bonds for $1…
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