zerohedge (@zerohedge) reposted
matthew sigel, recovering CFA (@matthew_sigel)
Crypto firm Ledn sells Bitcoin-backed bonds in ABS market first
>First ever deal of its kind in asset-backed debt
>Secured by pool of 5,400 Bitcoin-collateralized loans that consumers took from Ledn at weighted avg rate of 11.8%
>Investment grade tranche priced at +335bps https://t.co/Rx3944uGys