- Ledn reaches $1 billion in BTC-backed loans in 2025.
- Shift to Bitcoin-only lending model.
- Investors prefer borrowing over selling assets.
The milestone highlights a shift towards Bitcoin-focused lending in centralized finance, enhancing Ledn’s position in the digital asset market amid growing demand for Bitcoin collateralization.
Ledn has officially surpassed $1 billion in Bitcoin-backed loans in 2025. This milestone reflects the trend of investors choosing to borrow against Bitcoin rather than selling, signaling a rebound in the crypto credit market.
Ledn, led by co-founders Adam Reeds and Mauricio Di Bartolomeo, has shifted to a Bitcoin-only lending model, discontinuing Ethereum loans earlier in the year. The company now operates as a major player in centralized crypto lending.
The surge in Bitcoin-backed loans impacts the crypto lending market significantly. Ledn’s decision to focus solely on BTC has positioned it as the third-largest centralized lender, trailing Tether and Galaxy. This change underscores a shift in digital asset credit demand.
Achieving an annual recurring revenue of $100 million, Ledn controls 27% of the digital asset loan market. Its strategy to solely utilize Bitcoin as collateral mitigates risks associated with altcoin volatility. As Mauricio Di Bartolomeo, CSO of Ledn, stated, “Our focus on Bitcoin as the sole collateral has positioned us uniquely in the market, allowing us to maintain stability and growth in a dynamic environment.”
Investors are increasingly taking out loans against Bitcoin, maintaining their holdings amid market fluctuations. Ledn’s strategic adaptation has supported its solvency and transparency, factors crucial for its position in the competitive lending sector.
Future trends suggest more lenders may follow Ledn’s example, prioritizing Bitcoin-based operations. Historical trends, like the 2022 liquidity crises faced by BlockFi and Celsius, highlight the stability associated with Ledn’s approach. According to Adam Reeds, CEO of Ledn, “Ledn has reached a significant milestone, surpassing $1 billion in Bitcoin-backed loans. This reflects a strong demand for liquidity while allowing investors to retain their asset holdings.”
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