Canadian crypto-lending firm Ledn reported surpassing $1 billion in total loan originations this year, underscoring growing institutional appetite for Bitcoin-backed credit lines. Annual recurring revenue has exceeded $100 million, supported by insured custody partnerships and conservative collateral requirements. The company plans to expand services into Asia and Latin America, capitalizing on unbanked enterprise segments. Analysts said Ledn’s milestone signals a maturing crypto-credit market increasingly aligned with regulated financial standards as traditional lenders remain cautious about digital-asset exposure amid shifting global interest-rate cycles.