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Ledn, a crypto lending firm, says it originated $1.4 billion in bitcoin-backed loans in 2025 and estimates it holds roughly a 30% share of the global consumer market for that product.
The company is now projecting that the broader bitcoin-backed lending market could eventually reach $1 trillion, pointing to growing institutional interest through a financing structure called securitization.
What Bitcoin-Backed Lending Is — and Why the Number Matters A bitcoin-backed loan works the way a home equity loan does, except the collateral is $BTC rather than real estate.
A borrower locks up bitcoin, receives cash, and reclaims the collateral once the loan is repaid. The lender holds the bitcoin as security against default.
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