Crypto firm Ledn has executed a pioneering transaction by selling the first-ever Bitcoin-backed bonds in the asset-backed securities (ABS) market, secured by a pool of 5,400 Bitcoin-collateralized loans with a weighted average interest rate of 11.8%. This landmark deal highlights the integration of Bitcoin collateral into traditional ABS, aligning with a broader trend of crypto firms structuring real-world assets for the debt markets and signaling an increasing acceptance of crypto lending in regulated financial products.
Ledn sells Bitcoin-backed bonds in ABS market first
