What are the changes to loans in Spain as of April 1, 2025? Why are the changes happening?
As of April 1, 2025, Ledn will no longer offer new Standard loan originations in Spain. Ledn will continue to offer Custodied loans across Bitcoin-backed loans, ETH-backed loans and B2X loans.
This change is being made with the goal to better protect client assets by no longer rehypothecating loan collateral for loans originated in Spain.
What about my existing Standard Loan?
Upon a renewal or refinancing of an existing Standard loan on or after March 1, 2025, existing Standard loans will be renewed or refinanced as a Custodied loan with the interest rate applicable to Custodied loans at that time. Current loan rates can be found at https://platform.ledn.io/loans.