Ledn closes $188M Bitcoin-backed ABS with investment-grade rating

Crypto lending platform Ledn has closed a $188 million asset-backed securities (ABS) issuance backed by its portfolio of Bitcoin (BTC)-collateralized retail loans, marking what the company describes as an industry first. On Feb. 20, Ledn announced that S&P assigned an investment grade rating of BBB- to the senior notes in the offering. The company said this is the first time a major global credit rating agency has issued an investment-grade rating tied to a digital asset lending portfolio. The transacti ...