{"id":90464,"date":"2024-08-20T09:36:54","date_gmt":"2024-08-20T13:36:54","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=90464"},"modified":"2024-08-20T09:37:02","modified_gmt":"2024-08-20T13:37:02","slug":"ledn-secures-50m-bitcoin-backed-syndicated-loan","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ledn-secures-50m-bitcoin-backed-syndicated-loan\/","title":{"rendered":"Ledn Secures $50M Bitcoin-backed Syndicated Loan\u00a0"},"content":{"rendered":"\n

Ledn, a digital lending platform<\/a>, announced the successful acquisition of the industry's first $50 million syndicated loan backed by Bitcoin.<\/p>\n\n\n\n

\"Ledn
Ledn Secures $50M Bitcoin-backed Syndicated Loan\u00a0<\/figcaption><\/figure>\n\n\n\n

Sygnum, a global digital asset banking corporation with $4.5 billion in client assets, syndicates the Bitcoin (BTC) backed loan.<\/p>\n\n\n\n

The loan marks an industry first and will “fund the growth of Ledn's retail lending operations,” according to a press release shared with Cointelegraph.<\/p>\n\n\n\n

Adam Reeds, CEO and co-founder of Ledn, explained the team's future perspective in a written Q&A with Cointelegraph.<\/p>\n\n\n\n

\n

We view this pilot transaction as the first of many syndicated loans as digital assets inevitably integrate into mainstream financial markets.<\/em><\/p>\n<\/blockquote>\n\n\n\n

About the Loan<\/h2>\n\n\n\n

By collaborating with Sygnum's institutional clients, Ledn will provide its consumers with enhanced flexibility regarding capital access.<\/p>\n\n\n\n

John Glover, the chief investment officer at Ledn, stated in the press release that the partnership with Sygnum is a significant step towards “integrating crypto assets<\/a> into mainstream financial markets.”<\/p>\n\n\n\n

\n

\u201cPartnering with Sygnum to secure the first Bitcoin-backed syndicated loan facility is a landmark achievement for Ledn.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

Reeds informed Cointelegraph that the loan is “substantially comparable” to how Ledn assists its retail clients in managing their loans.<\/p>\n\n\n\n

\n

At certain LTV thresholds, Ledn will be required to top up the loan collateral.<\/em><\/p>\n<\/blockquote>\n\n\n\n

Highest quality Service for institutional Clients<\/h2>\n\n\n\n

The partnership represents a transition to “fully regulated institutional-grade services,” in which BTC becomes an “increasingly acknowledged” asset class.<\/p>\n\n\n\n

The press release describes the objective of the $50 million loan as “establishing a precedent for traditional financial participants.”<\/p>\n\n\n\n

Benedikt Koedel, the director of credit and lending at Sygnum, explained the implications for institutional services.<\/p>\n\n\n\n

\n

\u201cWith the first Bitcoin-backed syndicated loan from a fully regulated bank, Sygnum is excited to support Ledn\u2019s future growth and kick-start a new market for institutional lenders and borrowers as the crypto ecosystem matures.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

Implications for institutional investors of BTC and ETH<\/h2>\n\n\n\n

In an interview with Cointelegraph, Katalin Tischhauser, the chief of investment research at Sygnum Bank\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, discussed the benefits of exchange-traded funds (ETFs) for traditional institutional investors.<\/p>\n\n\n\n

In the initial 12 months of trading, Tischhauser anticipated that BTC ETF inflows would amount to $30 to $50 billion, and Ether (ETH) products would follow.<\/p>\n\n\n\n

Tischhauser clarified in the interview that Ether's value is primarily derived from cashflows and revenues and is “more familiar to traditional institutional investors than the concept of digital gold.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Ledn, a digital lending platform, announced the successful acquisition of the industry’s first $50 million syndicated loan backed by Bitcoin. Sygnum, a global digital asset banking corporation with $4.5 billion in client assets, syndicates the Bitcoin (BTC) backed loan. The loan marks an industry first and will “fund the growth of Ledn’s retail lending operations,” […]<\/p>\n","protected":false},"author":12,"featured_media":90471,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83,21],"tags":[21398,21397,21399],"class_list":["post-90464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","category-news","tag-bitcoin-backed-syndicated-loan","tag-ledn","tag-syndicated-loan"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/08\/ledn.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/90464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=90464"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/90464\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/90471"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=90464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=90464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=90464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}