Crypto liquidity firm BlockFills suspended withdrawals after $75 million losses and CEO Nicholas Hammer stepped down.  Blockfills is a Chicago-based crypto liquidity provider and lender that primarily serves institutional clients such as hedge funds, asset managers, and high-net-worth trading firms.Leadership exits and sale efforts signal financial distress at a major institutional trading firm.Withdrawal freezes raise solvency concerns and counterparty risk across crypto markets.Institutional crypto lender ...

Crypto backed lending has quietly become one of the most common applications in digital assets. As markets mature, investors are increasingly using loans to access liquidity without selling long term holdings, shifting the category away from speculative leverage and toward more practical financial use. Data shows crypto lending reached roughly $73.6 billion in outstanding loans in the third quarter of 2025, surpassing prior cycle peaks. That growth reflects changing borrower priorities. Instead of chasi ...

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 ...

加密借贷公司Ledn Inc．已发行1.88亿美元由比特币支持的证券化债券，成为资产支持债市场首宗此类 交易。 知情人士称，此次交易包括两只债券，其中一部分为投资级债券，定价较基准利率高出335个基点。 Jefferies Financial Group Inc．担任此次交易的唯一结构安排人及账簿管理人。 责任编辑：李桐 加密借贷公司Ledn Inc．已发行1.88亿美元由比特币支持的证券化债券，成为资产支持债市场首宗此类 交易。 知情人士称，此次交易包括两只债券，其中一部分为投资级债券，定价较基准利率高出335个基点。 Jefferies Financial Group Inc．担任此次交易的唯一结构安排人及账簿管理人。 根据标普全球评级的报告，这些债券以超过5400笔贷款组成的资产池作担保，消费者以其持有的比特币 作为抵押，从Ledn获得贷款。这份日期为2月9日的报告显示，这些贷款的加权平均利率为11.8%。 比特币价格波动剧烈，若价格大幅下跌，与加密货币挂钩的贷款可能出现资不抵债的情况。不过，标普 表示，Ledn的资产支持证券（ABS）投资者或在一定程度上免受这一风险影响，因为该贷款机构采用算 法清算机 ...

Core Insights - Nexo has officially relaunched its crypto lending platform in the United States on February 16, 2026, after withdrawing from the market in late 2022 [1] - The company manages approximately $11 billion in assets and has processed over $371 billion in transactions globally since 2018 [1] Group 1: Relaunch Strategy - The relaunch focuses on restructured versions of core products for U.S. users, emphasizing compliance and risk management [2][3] - New offerings include fiat on- and off-ramps via ACH and wire transfers, delivered through licensed U.S. partners [2] - The new yield and lending products are designed differently from the discontinued Earn Interest Product (EIP) that faced regulatory scrutiny [3] Group 2: Regulatory Context - Nexo's exit from the U.S. market was due to regulatory challenges related to its Earn Interest Product, which was deemed an unregistered security by the SEC [5][8] - The company paid $45 million in settlements in 2023 and has since redesigned its products to operate within a clearer regulatory framework [6] Group 3: Business Growth and Partnerships - Prior to its exit, Nexo engaged in global growth initiatives, including acquisitions and sponsorships, but now prioritizes compliance over aggressive expansion [4] - The company has established partnerships with regulated domestic entities to facilitate its return to the U.S. market [1][6]

🇺🇸 US NEWS: NEXO RETURNS TO UNITED STATES AFTER TWO-YEAR REGULATORY EXILECrypto lending platform @Nexo has officially resumed U.S. operations after a two year absence, marking a significant comeback following a $45 million SEC settlement in January 2023.The company, which manages $11 billion in assets, cited the Trump administration's more favorable regulatory environment as the catalyst for its return ...

加密借贷平台 Nexo 在退出美国市场约三年后正式重返美国，推出包括固定与灵活收益账户、加密资产 抵押信贷、集成式加密交易所及法币出入金在内的一揽子数字资产服务，相关交易与基础设施由美国合 规平台 Bakkt 提供支持。Nexo 曾于 2022 年因其 Earn 利息产品与美国州及联邦监管机构产生冲突而退 出美国市场。Nexo 表示，此次回归得益于当前更为友好的加密政策环境。目前 Nexo 资产管理规模约 110 亿美元，累计处理全球交易额达 3710 亿美元。（CoinDesk） （来源：吴说） ...

By Hannah Lang and Elizabeth Howcroft Feb 11 (Reuters) - Crypto liquidity provider and lender BlockFills has halted client deposits and withdrawals amid ‌a downturn in bitcoin (BTC-USD) prices, in a sign of knock-on impact ‌from the latest crypto market drop. BlockFills, which is based in Chicago, said in a statement ​on Wednesday that it halted withdrawals last week and has been working to restore liquidity to its platform. The company is in active dialogue with its clients, which include crypto hedge f ...

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Crypto lender BlockFills has temporarily suspended deposits and withdrawals, and restricted trading on its platform, according to an email to clients last week seen by Banking Dive. BlockFills cited “recent market and financial conditions” and the aim to “further the protection of clients and the firm” but did not detail a timeline by which the suspension would end ...

Core Insights - Bitcoin-backed borrowing is evolving from short-term cash solutions to long-term financial planning, with over 52% of loans in 2025 having 365-day terms [1][3][4] - The trend reflects a maturation of Bitcoin as an asset, with holders treating it more like property rather than a speculative investment [2][4] Group 1: Market Behavior - In 2025, Bitcoin-backed loan volumes reached approximately $2 billion, with regulated players dominating the market, replacing riskier lending models [6] - Borrowers are increasingly using Bitcoin as productive collateral, allowing them to unlock liquidity while retaining their holdings during price volatility [4][5] Group 2: Impact on Investors - The shift in borrowing behavior reduces the psychological pressure on regular investors to sell during market dips, promoting a mindset of planning around Bitcoin as a long-term asset [5] - The demand for loans tends to rise during periods of Bitcoin market volatility, as holders seek flexibility rather than immediate exits [5]