Ledn closes $188M Bitcoin-backed ABS with investment-grade rating – Page 3 – Stock Watch Index

Ledn closes $188M Bitcoin-backed ABS with investment-grade rating

February 20, 2026

Crypto lending platform Ledn has closed a $188 million asset-backed securities (ABS) issuance backed by its portfolio of Bitcoin (BTC)-collateralized retail loans, marking what the company describes as an industry first. On Feb. 20, Ledn announced that S&P assigned an investment grade rating of …

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