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Don't sell your bitcoin.
Get a bitcoin-backed loan.
Borrow from 9.25% to 11.49% APR
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Over $11B in loans originated
Collateral held with a qualified independent custodian
Backed by Tether
Operating since 2018 through multiple market cycles
Monthly Open Book Report verifying assets and liabilities
Automatic top-ups and buffer thresholds designed to
reduce liquidation risk
OPEN BOOK REPORT
Updated Monthly
Every bitcoin accounted for.
Independently reported by The Network Firm LLP
100%
BTC collateral in custody
$731M
Loans outstanding
58%
Average loan-to-value
$11.5B
Lifetime loans funded
Last attestation Aug 1st, 2026
View the reportFeatured on
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Now Available
Bitcoin. Gold. The stablecoins the world runs on.
Ledn is the single platform to hold, trade, and borrow against your most valuable assets — Supported by eight years of operating digital asset products.
Product availability varies by jurisdiction
Product availability varies by jurisdiction
HOLD
Your hardest assets
Store bitcoin and Gold (XAU₮) — each token backed by one troy ounce of physical gold in Swiss vaults — alongside the world’s leading stablecoins.
BTC
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GOLD
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USD₮
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USA₮
USDC
TRADE
10 integrated pairs
Instantly trade between any combination of your five supported assets with no trading fees and quoted-price execution at the time of confirmation.
Explore trading pairs →BORROW
More stablecoin rails
Receive and repay loans in USD₮, USA₮, or USDC — no third-party trades needed. Bitcoin remains the accepted collateral.
Disburse and repay in:
USD₮
USA₮
USDC
Bitcoin-Backed Loans, Done Right.
Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings. Here’s why bitcoin holders around the world trust Ledn:
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