Ledn Launches Open Book Report Amid Bitcoin Lending Boom

Ledn Launches Open Book Report Amid Bitcoin Lending Boom

Ledn unveils a monthly Open Book Report to benchmark transparency as banks enter the bitcoin‑backed loan market. Ledn, one of the world’s largest bitcoin lenders, announced that it is releasing an Open Book Report, providing standardized, independent disclosures of its BTC loan book, collateral levels, and loan‑to‑value ratios. The first report shows $868 million in outstanding […]

Ledn Publishes Industry-First Monthly Loan Book And Proof Of Reserves Data

Ledn, one of the world’s largest bitcoin lenders, announced its Open Book Report, a reserves transparency benchmark designed to expose the kind of risk that caused the 2022 FTX-driven crypto crash.  According to a press release shared with Bitcoin Magazine, “Traditional lenders (including Citi, JPMorgan, Wells Fargo, BNY Mellon, Schwab, and Bank of America) are reportedly entering the space amid a regulatory vacuum in terms of rehypothecation pr…

Ledn Launches “Open Book Report” as Wall Street's Bitcoin Lending Boom Raises 2022-Style Risks

Latest News and Updates on blockchain industry by AlexaBlockchain ("Alexa Blockchain"). Ledn Launches “Open Book Report” as Wall Street's Bitcoin Lending Boom Raises 2022-Style Risks The post Ledn Launches “Open Book Report” as Wall Street’s Bitcoin Lending Boom Raises 2022-Style Risks appeared first on AlexaBlockchain.