According to PANews, digital lending platform Ledn has announced the successful acquisition of a $50 million syndicated loan backed by Bitcoin. The loan was organized by Sygnum, a global digital asset banking group managing $4.5 billion in client assets.

The involvement of Sygnum's institutional clients will enable Ledn to offer more flexible capital access to its customers. In a press release, Ledn's Chief Investment Officer John Glover described the partnership with Sygnum as a significant step towards integrating crypto assets into mainstream financial markets.