Ledn Secures Industry First $50M Bitcoin-Backed Syndicated Loan from Sygnum

Ledn, a leading digital lending platform, has officially secured a $50 million Bitcoin-backed syndicated loan from Sygnum, a Swiss digital asset banking group with ~$4.5 billion in client assets, according to a press release sent to Bitcoin Magazine.

The $50 million loan, syndicated among Sygnum’s institutional clients, will fuel Ledn’s expansion in retail lending, offering clients enhanced opportunities to access capital using their Bitcoin holdings as collateral. The collateral will be held in qualified custody, aiming to ensure the highest levels of security and compliance with regulatory standards.