Pinned
We made Bitcoin history today!
- Ledn issued the world’s first bitcoin-backed ABS bond!
- First-ever investment grade rating on a bitcoin product by S&P
- Over 2X oversubscribed
A truly transformative transaction for @hodlwithLedn and the lending industry.
Onwards!
Ledn has issued the first investment grade-rated bitcoin-backed ABS in the digital asset industry.
The senior notes under the offering were rated BBB- by S&P. Plus, the ABS has been 2x oversubscribed, with institutional demand exceeding the $188 million offering size.
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