{"id":167772,"date":"2026-05-19T16:12:52","date_gmt":"2026-05-19T16:12:52","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=167772"},"modified":"2026-05-19T16:12:52","modified_gmt":"2026-05-19T16:12:52","slug":"bitcoin-backed-loans-could-hit-1-trillion-ledn-says-but-most-crypto-holders-still-havent-borrowed","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=167772","title":{"rendered":"Bitcoin-Backed Loans Could Hit $1 Trillion, Ledn Says \u2014 But Most Crypto Holders Still Haven\u2019t Borrowed"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Bitcoin-Backed Loans Could Hit $1 Trillion, Ledn Says \u2014 But Most Crypto Holders Still Haven\u2019t Borrowed<\/a><\/p>\n

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A new report from Bitcoin lending platform Ledn<\/a> is putting a big number on a market that barely exists yet: $1 trillion. The company released research<\/a> showing that the consumer Bitcoin-backed loan market \u2014 currently worth around $3 billion \u2014 could grow 300 times larger within the next decade.\u00a0<\/p>\n

To put that in context, Galaxy Research pegged the entire crypto lending market, across every type of platform and product, at a $73.6 billion all-time high in Q3 2025. Ledn is betting the consumer Bitcoin slice alone will dwarf that figure.<\/p>\n

The research was conducted by Protocol Theory, a consumer insights firm<\/a>, and surveyed 1,244 cryptocurrency holders across the United States and Australia in February 2026. The headline finding: 88% of crypto holders said they would consider borrowing against their digital assets, but only 14% currently do.\u00a0<\/p>\n

That leaves a 74-percentage-point gap between people who are open to the idea and people who have actually done it. So what\u2019s stopping them?<\/p>\n

The top barriers were not about understanding the product. Non-borrowers pointed to three confidence-related concerns: worries about crypto price swings, the risk of getting liquidated if prices fall, and uncertainty about regulation. When asked what they look for in a lending platform, respondents ranked risk management practices, platform reputation, and clear terms ahead of interest rates or features. Trust, in other words, is the product.<\/p>\n

\u201cThe demand side of the equation is solved,\u201d said Mauricio Di Bartolomeo, co-founder of Ledn. \u201cWhat\u2019s still catching up is the trust infrastructure that gives borrowers the confidence to act.\u201d<\/p>\n

Ledn\u2019s $200 million bitcoin-collateralized bond rated by S&P<\/h2>\n

That infrastructure is starting to take shape. In February 2026, Ledn closed<\/a> what it calls the first-ever investment-grade Bitcoin-collateralized asset-backed security \u2014 a $200 million bond deal with its senior tranche rated<\/a> BBB- by S&P Global.\u00a0<\/p>\n

Galaxy Research described<\/a> it as crypto credit moving \u201caway from a niche product toward broader institutional acceptance.\u201d Since issuance, those bonds have traded roughly 5% tighter on interest, a signal that institutional buyers are pricing the underlying credit well.<\/p>\n

Among the 14% who already borrow against their crypto, the behavior mirrors how wealthy people use mortgages or securities-backed loans \u2014 accessing cash without selling a long-term asset. The research found 72% of crypto holders agree that Bitcoin-backed loans give them a way to access funds without selling their holdings.<\/p>\n

Regional differences emerged too. Australian respondents were more likely than Americans to borrow as part of a financial plan and to shop around between lenders, reflecting a more fragmented market in Australia where no single platform has locked up the category.<\/p>\n

Ledn\u2019s co-founders first made the $1 trillion forecast publicly at the Bitcoin 2026 Conference<\/a> in Las Vegas in April. The company has serviced more than $10 billion in loans since launching in 2018 and operates in more than 100 countries.<\/p>\n

This post Bitcoin-Backed Loans Could Hit $1 Trillion, Ledn Says \u2014 But Most Crypto Holders Still Haven\u2019t Borrowed<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin-Backed Loans Could Hit $1 Trillion, Ledn Says \u2014 But Most Crypto Holders Still Haven\u2019t Borrowed A new report from Bitcoin lending platform Ledn is putting a big number on a market that barely exists yet: $1 trillion. The company released research showing that the consumer Bitcoin-backed loan market \u2014 currently worth around […]<\/p>\n","protected":false},"author":0,"featured_media":167773,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-167772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/167772"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=167772"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/167772\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/167773"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=167772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=167772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=167772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}