Bitcoin-backed loan issuer Ledn has successfully avoided a ‘junk’ bond rating from S&P Global, receiving a preliminary BBB- rating for its Issuer Trust 2026-1. This accolade places Ledn one grade above non-investment grade junk bonds and marks the highest rating achieved by any crypto firm so far. The BBB- rating reflects Ledn’s conservative loan practices and robust track record, including the firm’s ability to liquidate Bitcoin collateral on over 7,000 loans without incurring a loss. As more crypto-native entities seek to establish credibility with institutional investors, primarily driven by recent regulatory advancements in the US, Ledn’s achievement highlights the increasing integration and acceptance of cryptocurrency-backed financial products within traditional finance.
Ledn achieves BBB- rating from S&P Global, dodging ‘junk’ status
