If you hold bitcoin and have ever thought about borrowing against it, this one matters.
Ledn just packaged $188M of bitcoin backed loans into an asset backed security. It earned an investment grade rating from S&P, the first time a BTC lending portfolio has done that, and investors wanted twice as much as was on offer.
Why it matters: pension funds and insurers can now fund bitcoin lending through a product they already know how to buy. More capital competing to lend usually means better rates for borrowers over time.
What doesn't change: your loan to value ratio, liquidation terms and who holds your coins still matter more than any headline. Compare before you borrow.
https://cointelegraph.com/news/ledn-bitcoin-backed-abs-188m-sp-ratings
BorrowOnBitcoin
npub1xm…aaglz
2026-09-24 23:32:45 UTC
Author Public Key
npub1xmtmtr78f29kquqm4wtw4prq4pd3drqkk56cxhrgemyq7x5azkmqeaaglzSeen on
wss://relay.damus.ioPublished at
2026-09-24 23:32:45 UTCEvent JSON
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"content": "If you hold bitcoin and have ever thought about borrowing against it, this one matters.\n\nLedn just packaged $188M of bitcoin backed loans into an asset backed security. It earned an investment grade rating from S\u0026P, the first time a BTC lending portfolio has done that, and investors wanted twice as much as was on offer.\n\nWhy it matters: pension funds and insurers can now fund bitcoin lending through a product they already know how to buy. More capital competing to lend usually means better rates for borrowers over time.\n\nWhat doesn't change: your loan to value ratio, liquidation terms and who holds your coins still matter more than any headline. Compare before you borrow.\n\nhttps://cointelegraph.com/news/ledn-bitcoin-backed-abs-188m-sp-ratings",
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