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On Aug. 20, Ledn, a digital lending platform, announced the successful acquisition of a $50 million syndicated loan backed by Bitcoin. The Bitcoin (BTC) backed loan is syndicated by Sygnum, a global digital asset banking group with $4.5 billion in client assets. According to a press release shared with Cointelegraph, the loan marks an industry first and will “fund the growth of Ledn’s retail lending operations.” In a written Q&A with Cointelegraph, Adam Reeds, CEO and co-founder of Ledn, explained the team’s future perspective. We view this pilot transaction as the first of many syndicated loa…

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