Ledn Projects Bitcoin-Backed Lending Market Could Reach $1 Trillion in 5-10 Years Via Securitization

According to The Block, Ledn co-founder Mauricio Di Bartolomeo projected last week at BTC Prague that the bitcoin-backed lending market could reach $1 trillion in the next five to 10 years through securitization, which would allow lenders to tap institutional capital from pension funds and endowments.

Ledn, which originated $1.4 billion in loans during 2025 and accounts for roughly 30% of the global bitcoin-backed lending market, recently issued an investment-grade debt instrument rated by S&P Global, the first bitcoin debt product to receive such a rating. The bond, backed by Fidelity as custodian and Jefferies as bookrunner, was oversubscribed three times during February marketing despite concurrent market volatility.