Ledn co-founder says BTC-backed loan market could hit $1T in 5-10 years

The Bitcoin-backed loan market could grow to a $1 trillion industry within the next five to 10 years, according to Mauricio Di Bartolomeo, co-founder of Ledn. Speaking with The Block, he argued that a single company cannot provide enough liquidity to reach that scale. Di Bartolomeo suggested that institutional capital could be drawn in by bundling BTC-backed loans into bonds and connecting them to the multi-trillion dollar asset-backed securities (ABS) market. He pointed to a recent bond issued by Ledn, explaining that to be meaningful, such an instrument needs to be at least $200 million in size and have a credit rating. He added that Ledn's bond was the first BTC debt product to be rated by S&P Global. The Block noted that securing an investment-grade rating—a key benchmark for entities like pension and university endowment funds to allocate capital—opens up a new channel for capital inflow distinct from BTC ETFs.