Ledn secures industry-first $50M Bitcoin-backed syndicated loan
Ledn’s groundbreaking $50 million Bitcoin-backed loan, syndicated by Sygnum, is set to transform retail lending and institutional crypto finance.
On Aug. 20, Ledn, a digital lending platform, announced the successful acquisition of a $50 million syndicated loan backed by Bitcoin.
The Bitcoin (BTC) backed loan is syndicated by Sygnum, a global digital asset banking group with $4.5 billion in client assets.
According to a press release shared with Cointelegraph, the loan marks an industry first and will “fund the growth of Ledn’s retail lending operations.”
Go to Source
Author: Josh O'Sullivan
