Ledn raises $188 million with first BTC-backed bond sale in asset-backed market
Ledn, a cryptocurrency lending company, has completed the first Bitcoin collateral-backed asset-backed securities (ABS) transaction, raising $188 million for the crypto lending markets. Asset-backed securities are bonds backed by pools of underlying loans, with investors receiving payments on the cash flows generated by those loans. Bloomberg reported that the bonds are collateralized by a pool […]
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