Co-Founder and CSO
Hi Bitcoin Source Team,
Following some big news they're announcing at Bitcoin 2025 in Las Vegas, I wanted to offer you an interview with Ledn’s Co-founder & CSO Mauricio Di Bartolomeo to dig into a major strategic shift that aligns closely with Bitcoin-native values.
Ledn is moving to a fully Bitcoin-only model.
The company is retiring ETH support and ending all third-party lending relationships, replacing them with a fully custodied loan structure. That means client assets are never reloaned or exposed to counterparty risk — a clear rejection of the practices that helped trigger the 2022 lending crisis.
Under embargo until May 23 at 9AM ET, this move solidifies Ledn’s position as one of the most conservative and transparent lenders in the space. It also reinforces their longer-term strategy: simplify the product stack, de-risk entirely, and double down on Bitcoin.
With over $9.5B in loans originated, clients in 120+ countries, and a track record of avoiding contagion during the Celsius, BlockFi, and Voyager collapses, Ledn is doubling down on the model it never abandoned — one built on transparency and true custody.
Mau can speak to:
Why Ledn is removing ETH support
What “no third-party risk” actually looks like in practice
Where the lending sector is heading as riskier models re-enter the market
Please let me know if we can book something in.
Thanks,
Jacob