In the words of Mauricio Di Bartolomeo, “I believe in the future where borrowing against your Bitcoin will be cheaper than borrowing against US real estate.”
Mauricio Di Bartolomeo, Co-Founder and Chief Strategy Officer of Ledn, expressed his opinions on the future of crypto lending and claimed that the lending industry is maturing.
Bartolomeo stated that the crypto lending scene has become “more balanced” as lenders have started focusing on minimizing risks.
He claimed that Ledn was not involved with 3AC as the latter did not provide financial statements. He noted that 3AC’s lack of transparency was a red flag that allowed Ledn to escape unharmed from the 3AC bankruptcy incident.
Bartolomeo also said that Ledn only supports deep liquidity tokens: Bitcoin (BTC) and USD Coin (USDC). The reason why Ledn avoided losses from the collapse of TerraUSD was that the crypto lender did not expose client assets to DeFi tokens.
Earlier this month, Ledn acquired crypto investment firm Arxnovum. Bartolomeo noted this acquisition will allow Ledn to become the first crypto lender to provide “registered yield product funds” to its investors.
According to him, Bitcoin's low foreclosure costs and ease of trading will allow Bitcoin-backed loans to become cheaper than real-estate-backed loans.
“When we launched these loans, the interest rate for Bitcoin-backed loans was 18% four years ago. Today, that rate is sub 10%.”
