Ledn has closed a $188M securitization (Ledn Issuer Trust 2026-1) packaging 5,441 Bitcoin-backed loans into ABS tranches: $160M Class A (S&P BBB-) and $28M Class B (B-), backed by $199M principal and 4,079 BTC (~$357M). Avg LTV 55.8%. #Bitcoin
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Ledn has closed a $188M securitization (Ledn Issuer Trust 2026-1) packaging 5,441 Bitcoin-backed loans into ABS tranches: $160M Class A (S&P BBB-) and $28M Class B (B-), backed by $199M principal and 4,079 BTC (~$357M). Avg LTV 55.8%. #Bitcoin