PANews February 19 News, according to CoinDesk, the crypto lending company Ledn announced the completion of its first asset-backed securities (ABS) transaction collateralized by Bitcoin, with a financing scale of $188 million, setting a precedent for the crypto lending market. The report states that this transaction packaged and issued bonds backed by over 5,400 Bitcoin-backed personal loans, with an average weighted interest rate of 11.8%. The ABS uses the underlying loan cash flows as the repayment source, and investors receive corresponding returns through the bonds.
The issuance is divided into two tranches, with the investment-grade portion priced at 335 basis points above the benchmark rate. Jefferies served as the exclusive structuring agent and bookrunner for this deal. Given Bitcoin’s significant price volatility (with a maximum drawdown of about 50% in the past four months, dropping to $60,000), the structure incorporates an automatic collateral liquidation mechanism that enforces forced liquidation when risk thresholds are reached, protecting investors during periods of market turbulence. Industry experts believe that this issuance marks the first time Bitcoin-backed loans have entered the traditional asset securitization market framework, providing a new pathway for the integration of crypto credit assets with mainstream capital markets.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
American Bitcoin Acquires 11,298 ASIC Miners, Expanding Owned Hashrate to 28.1 EH/s
American Bitcoin Corp. (Nasdaq: ABTC) announced on March 3, 2026, the purchase of 11,298 ASIC miners, adding approximately 3.05 exahash per second of mining capacity at an efficiency of 13.5 joules per terahash.
CryptopulseElite14m ago
Former Trump crypto advisor: The U.S. government cannot remain only at the level of "liking Bitcoin"
Former crypto advisor David Bailey stated that the U.S. government should be more proactive in supporting Bitcoin. He pointed out that although Trump signed the relevant order, the government has not yet implemented concrete actions. Bailey believes that truly supporting Bitcoin requires more political effort and public engagement.
GateNews21m ago
Bitcoin Wobbles Despite $1B ETF Inflows Amid Rising Oil Prices
_Oil shock and Fed uncertainty pressure Bitcoin, while ETF inflows fail to restore strong institutional demand._
Bitcoin swung sharply after U.S.-Israel strikes on Iran triggered a weekend risk-off move across
LiveBTCNews24m ago
American Bitcoin purchase 11298 new mining machines, hash rate level increased by 12%
American Bitcoin Corp. announced the purchase of 11,298 Bitcoin mining machines, with an expected additional hash rate of approximately 3.05 EH/s. After expansion, the company's total self-owned mining machines will reach 89,242 units. The company emphasizes accumulating Bitcoin at a cost below market price and plans to deploy at the Drammen Heller mining farm in March 2026.
MarketWhisper25m ago
U.S. publicly traded company Empery Digital discloses a reduction of 60 Bitcoins, with total holdings decreasing to 3,664 coins
Odaily Planet Daily reports that NASDAQ-listed company Empery Digital announced today that it sold 60 Bitcoins at an average price of $66,583, with total proceeds of approximately $4 million. As of now, its total Bitcoin holdings have decreased to 3,664 coins. Additionally, the company announced it has spent about $116 million to repurchase 18,685,725 common shares. (Businesswire)
GateNews28m ago
Former Trump advisor warns: Merely "supporting Bitcoin" is far from enough; the U.S. needs to actively advance a strategic Bitcoin reserve
David Bailey pointed out that the U.S. government needs to strengthen policy and political capital investment to push Bitcoin into the national strategic level. He mentioned that although the Trump administration has begun to establish Bitcoin reserves, progress has been limited, and the government's Bitcoin assets mainly come from law enforcement seizures. Bailey emphasized that political support alone is not enough to promote Bitcoin development; public engagement and policy efforts need to be increased.
GateNews36m ago
