Swiss Crypto Bank Sygnum Tokenizes Portion of $50M BTC‑Backed Loan for Ledn

Bitcoin com 2 months ago 306

Sygnum Tokenizes Portion of $50M <a href='https://market.bitrss.com/coin/bitcoin' rel='noopener' target='_blank' class='crypto-highlight' title='BTC Market Overview'>BTC ($111,831.00)</a>‑Backed Loan for Ledn

Sygnum announced it arranged a $50 million BTC‑backed syndicated loan for Ledn, with a portion of the facility tokenized using Sygnum’s end‑to‑end issuance platform, marking a further step toward tokenized private credit for institutional and qualified investors. The transaction, described as 2x oversubscribed, follows Sygnum’s August 2024 issuance of the industry’s first BTC‑backed syndicated loan […]

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