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  "path": "/bitcoin-backed-loans-hit-wall-street-sub-prime-style-incentives-but-with-liquidation-triggers/",
  "publishedAt": "2026-02-20T14:15:09.000Z",
  "site": "https://cryptoslate.com",
  "tags": [
    "Banking",
    "Debt",
    "Featured",
    "TradFi",
    "Bitcoin-backed loans with sub-prime-style incentives, but with liquidation triggers hit Wall Street",
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  "textContent": "Ledn's $188 million securitization marks the moment Bitcoin-backed consumer credit started looking like mainstream asset-backed debt. Ledn Issuer Trust 2026-1 packages 5,441 fixed-rate balloon loans into rated, tradable notes with investment-grade and subordinated tranches, custody arrangements, liquidity reserves, and all the structural scaffolding that allows institutional investors to buy Bitcoin-linked yield without ever touching spot […]\n\nThe post Bitcoin-backed loans with sub-prime-style incentives, but with liquidation triggers hit Wall Street appeared first on CryptoSlate.",
  "title": "Bitcoin-backed loans with sub-prime-style incentives, but with liquidation triggers hit Wall Street"
}