Crypto lending company Ledn has successfully sold $188 million in securitized bonds backed by Bitcoin, marking a pioneering transaction in the asset-backed debt market. Bloomberg posted on X, highlighting the significance of this deal as the first of its kind. This innovative financial move underscores the growing integration of cryptocurrency into traditional financial systems, offering new opportunities for investors seeking exposure to digital assets. The transaction reflects a broader trend of increasing acceptance and utilization of cryptocurrencies in mainstream finance, as institutions explore novel ways to leverage blockchain technology for asset-backed securities.