Ledn, a digital asset lender, has announced a shift towards fully collateralized Bitcoin lending, discontinuing support for Ethereum to focus on its BTC-centric business model. This change means Ledn will no longer lend out client assets to generate interest, opting instead to maintain full custody of Bitcoin collateral. CEO Adam Reeds emphasized that this decision aligns with Bitcoin’s foundational principles, which were established in opposition to the risks of fractional reserve banking. The company aims to streamline its services as Bitcoin constitutes over 99% of its client transactions. Founded in 2018, Ledn has become one of the largest lenders in the space with a loan book valued at $9.9 billion, assisting Bitcoin holders in accessing liquidity without needing to sell their assets. As Bitcoin’s market presence continues to grow, the shift reflects a broader trend of increased institutional adoption and a response to emerging financial innovations that challenge traditional banking models.

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