Ledn Taps Asset-Backed Market With Landmark $188M Bitcoin Bond
Ledn issued a $188 million bond offering collateralized by Bitcoin-backed loans, establishing a precedent in the crypto asset debt market. The company structured the bond offering in two tranches, pricing one investment-grade tranche at 335 basis points over the benchmark rate. The structuring agent and bookrunner was Jefferies Financial Group.
February 19, 2026
2 mins read
