George Town, Grand Cayman — Ledn, one of the longest-standing digital asset lenders, today announced a sweeping update to its platform to discontinue any lending of client assets to generate interest, meaning that client assets will never be exposed to third party lending credit risk.
Going forward, Ledn will only offer its Custodied Bitcoin loan structure, under which client bitcoin collateral will remain fully in custody either with Ledn or its trusted funding partners.
As part of this strategic shift, Ledn will also remove support for ETH, doubling down on Bitcoin as its sole digital asset focus. These changes were unveiled by the company at Bitcoin 2025 in Las Vegas.
“With our new hyper-focus on Bitcoin-only lending, we’re going back to our roots and principles that inspired Bitcoin to begin with,” said Adam Reeds, Co-Founder and CEO of Ledn.
“Bitcoin was created as a direct response to the risks of fractional reserve banking and unchecked use of client assets to generate interest. Traditional finance relies on constantly reusing client assets to create leverage and, ultimately, inflation.
“Bitcoiners instinctively reject that model. That’s why we’ve moved away from this approach entirely. With our Custodied loan structure, client assets stay where they belong and are held in a transparent manner.”
While Ledn is taking these steps to further de-risk its product and further enhance client security, many of the new lending products in the market are exposing consumers to risky and opaque structures once again.
“These are the exact dynamics that led to the meltdown of the lending sector in 2022,” Reeds added.
“As more new entrants push half-baked lending models back into the market, we’re choosing the opposite path— Eliminating lending risk entirely for our users and making it 100% clear how their assets are dealt with.
“That clarity is what has helped us originate over $9.5 billion in loans and become the #1 retail CeFi lender in the Bitcoin space. We believe this approach should become the new standard for any serious digital asset lender.”
This shift reinforces Ledn’s broader strategy: Going all in on Bitcoin, simplifying its product stack, and sharpening its focus around the most secure and proven digital asset.
Ledn was the first crypto lender to introduce proof-of-reserves attestations in 2020, offering clients third-party verification that assets were fully accounted for down to the satoshi.
That transparency-first approach allowed the company to navigate market volatility as peers collapsed under opaque and hidden risks.
Now, as global regulators begin signaling openness to supervised participation rather than blanket restrictions, the opportunity — and the responsibility — for digital asset platforms is clear: Build resilient systems and proactively mitigate risk.
Ledn will exclusively offer custodied bitcoin-backed loans as of July 1, 2025. Support for ETH will be retired in the same release, reflecting Ledn’s strategic shift to a Bitcoin-only platform.
For more information on this transition, visit blog.ledn.io
For media inquiries, interviews, or early access to supporting materials, contact [email protected]
About Ledn
Ledn offers growth accounts and loans to clients in over 120 countries, with an expanding range of services and supported regions. The company is dedicated to building world-class financial services, with a focus on helping people build long-term wealth through digital asset-based products.
For more information about Ledn and its services, visit the company’s website at www.ledn.io
