As we write this, we are now a few weeks from Bitcoin reaching a historic milestone, surpassing $100,000 for the first time. For those of us who have championed Bitcoin’s potential since the beginning, this moment is monumental. But at Ledn, we’ve always believed that Bitcoin’s true power goes far beyond its price. It’s a tool that gives people everywhere the ability to build wealth responsibly over time.
Why do we believe this?
Bitcoin doesn’t discriminate. It doesn’t care where you’re from, what you believe, or who you are. It’s a vehicle to build for the future. Individuals, businesses, and even governments are now adding Bitcoin to their balance sheets—not to trade but to hold for the long term.
At Ledn, we’ve been building toward this moment for years, helping our clients tap into Bitcoin’s potential in a way that’s safe, sustainable, and empowering.
2024: A Year That Reinforced Our Mission
Looking back at 2024 here at Ledn, it’s clear to us that this year was a turning point. We’ve always believed in doing things the right way, with years spent investing in transparency, regulatory compliance and product innovation. In 2024, that commitment paid off— not just for Ledn, which is in peak shape heading into 2025, but more importantly for the people who trust us with their assets.
One of the most rewarding parts of our work is hearing how our clients are building long-term wealth. This past year alone, our clients have:
- Earned millions of dollars in interest across our Growth products
- Redeemed almost 1,000 BTC in excess collateral back from their loans and into their self-custody
- Had the value of their BTC loan collateral appreciate by nearly 8X more than the interest they paid for those loans
All of this has helped our clients achieve better economic outcomes for them and their families. From individuals using bitcoin-backed loans to achieve financial goals, to families building generational wealth through long-term holding, these stats, and the stories behind them, remind us why we started this journey. And this year, rather than telling you about Ledn’s success, we thought it would be fitting to share a client story with you.
" Back in November 2022, I needed to close on a $4M property purchase and didn’t want to sell my bitcoin. I planned to use a bitcoin-backed loan to buy my property and, although the market was volatile and bitcoin price was down, I had been a Ledn client for years and decided to move ahead.
Over the next 2 years, I managed my loan by topping up collateral when needed, redeeming excess collateral when price rose, and made partial repayments when I could. Fast forward to today, the value of my initial bitcoin collateral has appreciated by more than the $4M I originally paid for the property.
I still own the property, I still own the bitcoin, and I’m still a happy client. "
Steven, from Canada
Looking Ahead: Continuing to Lead, the Right Way
Our vision for the future is clear: Ledn will be the most trusted, innovative, and client-focused platform in digital asset lending, helping our clients achieve even greater outcomes. We are doubling down on our principles of transparency, risk management, and client empowerment to support the long-term success of our clients, no matter what the market looks like.
Here’s where we’re continuing to focus our energy in 2025:
Transparency & Security
We pioneered Proof of Reserves, created the Open Book Report, secured an A- Rating from Agio and launched Custodied Loans. Next, imagine if you could verify your loan collateral is exactly where it should be at all times? We think seeing is believing, and in 2025, we’re raising the bar for transparency even higher.
Lowering Our Rates
Ledn has been on the frontier of digital asset capital markets with industry-firsts like our syndicated loan with Sygnum Bank. We will continue to pioneer new ways to unlock lower cost of funding and pass on lower rates to our clients without sacrificing the safety of their assets.
Accessibility & Stability
In 2024 we completed our first full year operating as a regulated virtual asset service provider (VASP) supervised by the Cayman Islands Monetary Authority. As other global regulatory frameworks for digital assets begin to take shape, we will continue to expand our regulatory footprint, particularly in North America and in Europe, to allow us to offer our products to even more clients.
Client Control
We’ll continue to put you in even greater control of your loan collateral, with a relaunched mobile app, more controls and transparency to manage the LTV of your loan, including partial collateral repayments & an enhanced LTV monitor, more favourable re-balancing when the value of your BTC appreciates, and the ability to obtain additional credit automatically within the the same loan when LTV’s are healthy.
Thank You for Your Trust
To all of you who have been with us on this journey, thank you. Your trust means everything to us, and we’re honored to be a part of your financial story.
Bitcoin’s rise is exciting. It benefits our clients and validates our long term thesis. But for us, it’s about more than just that. We want to build the safest, most transparent and most client centered financial platform globally.
As we step into 2025, we’re excited to continue building together. Let’s make this year another one to remember.
As always, thank you for your continued trust in Ledn.
Adam Reeds & Mauricio Di Bartolomeo
Co-Founders, Ledn
