Ledn's secured Bitcoin loans exceed $1 billion.

Canadian fintech company Ledn, which specializes in lending secured by digital assets, reported record financial results for Q3 2025. Growing interest in Bitcoin and the overall strengthening of the crypto market have led to increased demand for loans secured by cryptocurrencies.

According to Ledn's report, the loan volume for the quarter exceeded $1 billion. Since its inception, the company has provided loans totaling over $2.8 billion to clients in over 100 countries. Bitcoin revenue amounted to $392 million, and annual operating income approached $100 million.

Ledn issues fully secured loans, with bitcoin collateral held for the entire loan term. The company's reserves are regularly independently verified through a Proof-of-Reserves system, confirming that all client assets are backed at least 1:1.

At the beginning of the year, Ledn abandoned Ethereum transactions and focused on Bitcoin lending, aiming to strengthen its business resilience and mitigate risks. According to Galaxy Research, the company is one of the top three lenders in the centralized finance (CeFi) space, along with Tether and Galaxy. Together, they account for approximately 89% of the CeFi market and 27% of the digital lending industry.

The growing interest in Bitcoin-secured loans is linked to the overall rise in the cryptocurrency's price. After the BTC price surpassed $100,000, many holders opted to take out loans to preserve their assets and avoid capital gains taxes.

According to estimates by law firm Hoskin & Harcourt LLP, the bitcoin lending market could grow to $45 billion by 2030, up from the current $8.5 billion. This growth is driven by growing institutional demand. Specifically, Cantor Fitzgerald, with the support of Maple Finance and FalconX, completed the first bitcoin-secured lending deal and allocated at least $2 billion to develop this sector.

Source: cryptonews.net