Bloomberg: Ledn Becomes First Crypto Company to Issue Bitcoin-Backed Bonds in Asset-Backed Securities Market

BlockBeats News, February 19th, according to Bloomberg, crypto lending company Ledn Inc. has sold a $188 million Bitcoin-backed security token, making it the first such transaction in the asset-backed debt market.

According to sources familiar with the matter, the transaction involved two bonds, with one part reaching an investment-grade rating priced at 335 basis points above the benchmark rate. Due to the involvement of undisclosed details, the sources requested anonymity.