Crypto Firm Ledn Sells Bitcoin-Backed Bonds In ABS Market First
Crypto lending firm Ledn Inc. has sold $188 millionBloomberg Terminal of securitized bonds backed by Bitcoin, making it the first ever deal of its kind in the market for asset-backed debt. The deal comprises two bonds, including an investment-grade portion that priced at a spread of 335 basis points over the benchmark rate, according to people familiar with the matter, declining to be identified discussing private details....
Read more at bloomberg.com