Ledn Refinances $50M Bitcoin-Backed Loan with Sygnum, Highlighting Tokenized Private Credit Growth
Ledn has refinanced its $50 million Bitcoin-backed loan through Swiss crypto bank Sygnum, with the facility being twice oversubscribed, reflecting strong institutional demand. Part of the loan was tokenized via Sygnum’s Desygnate platform, enabling broader distribution to qualified investors. The deal highlights growing interest in inflation-resistant income products amid flattening yields in traditional and DeFi markets. The Sygnum–Ledn facility contributes to the rapidly expanding tokenized private credit market, now valued at $15.6 billion and representing 58% of the onchain tokenized real-world asset market.