On August 20, Sygnum, a digital asset banking group managing approximately $4.5 billion in client assets, and Ledn, a prominent crypto lender, announced the launch of what they called the industry’s first Bitcoin-backed syndicated loan. This $50 million loan, syndicated among Sygnum’s institutional clients, aims to enhance liquidity in both the cryptocurrency sector and the […]
source: https://www.cryptoglobe.com/latest/2024/08/swiss-digital-asset-bank-sygnum-issues-crypto-industrys-first-ever-bitcoin-backed-syndicated-loan/