Swiss crypto bank Sygnum and crypto asset lending platform Ledn have completed a $50 million refinancing of a Bitcoin-backed loan. The refinancing was oversubscribed by two times, highlighting strong market demand. A portion of the loan was tokenized using Sygnum's Desygnate platform, demonstrating a novel approach to digital asset financing.
Sygnum and Ledn Finalize $50M Bitcoin-Backed Loan Refinancing
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