Ledn moves to a fully custodial, bitcoin-only lending model

Digital asset lender Ledn today announced a comprehensive update to its platform, discontinuing any lending of customer assets for the purpose of generating interest. Going forward, Ledn will only offer a custodial bitcoin loan structure, under which customers' bitcoin collateral will be held in full custody with Ledn or one of its trusted funding partners. As part of this strategic shift, Ledn will also discontinue support for ETH, doubling down on bitcoin as its sole digital asset focus.