Ledn, Sygnum Renew $50M Bitcoin Loan Deal as Institutions Chase Yield
Crypto lending platform Ledn and Swiss digital asset bank Sygnum have refinanced a $50 million Bitcoin-backed syndicated loan, highlighting growing demand from institutional investors seeking higher-yield opportunities in the digital asset market. The refinancing marks a continuation of the firms’ partnership in developing secured credit products backed by Bitcoin. The deal was reportedly oversubscribed, reflecting […]
Ledn Secures $50M Bitcoin-backed Syndicated Loan
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,” […]