{"id":21374,"date":"2025-04-09T19:02:26","date_gmt":"2025-04-09T19:02:26","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21374"},"modified":"2025-04-09T19:02:26","modified_gmt":"2025-04-09T19:02:26","slug":"bitcoin-backed-loans-are-going-to-get-way-cheaper-around-the-globe-ledn-co-founder","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21374","title":{"rendered":"Bitcoin-Backed Loans Are Going to Get Way Cheaper Around the Globe: Ledn Co-Founder"},"content":{"rendered":"
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The Trump administration\u2019s friendliness toward the crypto sector is going to deeply change the bitcoin (BTC) lending market over the next four years.<\/p>\n

That\u2019s according to Mauricio Di Bartolomeo, co-founder of Ledn, a firm that specializes in providing digital asset loans.<\/p>\n

\u201cYou\u2019re going to see a Cambrian explosion of bitcoin-backed loans, because the rates are going to drop to a point that is going to make them competitive with home equity or personal lines of credit, or other types of instruments,\u201d Di Bartolomeo told CoinDesk in an interview.<\/p>\n

The kicker, he said, is that these rates will drop not just in the U.S. but for countries all around the globe, thanks to bitcoin\u2019s nature as a digital asset. \u201cGold in a vault in Switzerland is not gold in a vault in Venezuela, but bitcoin in Colombia is bitcoin in Madrid is bitcoin anywhere in the world. As an underwriter, I have uniform collateral,\u201d Di Bartolomeo said.<\/p>\n

In practice, this means that investors from developing countries, who may not have the same kind of efficient financing opportunities as people in Western nations, will soon have a way to access what Di Bartolomeo called world-class financing at fair rates.<\/p>\n

That\u2019s because big banks are finally ready to wade into crypto lending, now that the U.S. Securities and Exchange Commission (SEC) has rescinded<\/a> SAB 121, a controversial accounting rule that made it prohibitive for firms to custody crypto assets.<\/p>\n

Historically, very few players have offered crypto lending services in the U.S., which has made the space relatively uncompetitive, according to Di Bartolomeo.<\/p>\n

\u201cIt\u2019s a seller\u2019s market right now. We are lending out dollars fully collateralized at north of 12.5%, with zero losses over seven years. Banks are going to look at this and say \u2018Wow, this is a great rate of return.\u2019 One bank will come in with 12% interest. Another will do 10%. Another says 9%. So this is going to compress, and compress,\u201d he said. \u201cIt will really benefit the consumer.\u201d<\/p>\n

Lending bitcoin<\/h2>\n

Born and raised in Venezuela, Di Bartolomeo entered the crypto sphere in 2014. Back then, the country was reeling from hyperinflation and Nicol\u00e1s Maduro\u2019s ascent to power. While most of Di Bartolomeo\u2019s friends were focused on emigrating, his brother was benefitting from bitcoin mining thanks to the nation\u2019s cheap energy.<\/p>\n

The family got in on the business, then other acquaintances, but they were confronted with the issue of financing their operations \u2014 a single mining rig can cost thousands of dollars. Bitcoin miners residing in Canada also had the same issue, Di Bartolomeo (who studied in Ontario) discovered. That\u2019s what pushed him to launch Ledn in 2018 with co-founder Adam Reeds.<\/p>\n

\u201cMiners had fees and expenses, and their revenue was in bitcoin. They wanted to keep a lot of their treasury as bitcoin, because of how well it was doing. They needed a tool that helped them keep their bitcoin while giving them the fiat they needed to pay things out,\u201d Di Bartolomeo said.<\/p>\n

Fast forward to 2025 and Ledn\u2019s clients now have access to products that include bitcoin loans, bitcoin yield accounts, stablecoin growth accounts, and ether (ETH) backed loans \u2014 a basic wealth management toolkit, according to Di Bartolomeo. The loans also provide a tax efficient way of obtaining liquidity. Customers include high net-worth individuals that were early to Bitcoin, businesses and funds. Ledn has issued $9 billion in loans since inception.<\/p>\n

Though it\u2019s based in Canada, Ledn was one of the first lending companies to offer services in Spanish, which allowed the firm to establish a market in countries like Mexico, Colombia, Venezuela and Spain while other lenders \u2014 BlockFi, Voyager, Celsius, Genesis \u2014 were pushing to capture the U.S. market. When these lenders were wiped out in 2022, Ledn was one of the only firms left standing, and it grew in the U.S. organically.<\/p>\n

Now, with big banks wading in, Di Bartolomeo believes the pie is about to get much larger, and that Ledn is well positioned to get a sliver of it.<\/p>\n

\u201cLedn will have a seat at the table no matter how this shakes out, if we continue to do our job, and that’s what I’m very excited about. How big the seat is \u2014 you know, the table is going to be huge, and there’s going to be tons of food. As long as we’re in the room, we\u2019ll be happy.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Trump administration\u2019s friendliness toward the crypto sector is going to deeply change the bitcoin (BTC) lending market over the next four years. That\u2019s according to Mauricio Di Bartolomeo, co-founder of Ledn, a firm that specializes in providing digital asset loans. \u201cYou\u2019re going to see a Cambrian explosion of bitcoin-backed loans, because the rates are […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-21374","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21374"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21374\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}