[Ledn and Sygnum Complete $50 Million Bitcoin Loan Refinancing] According to Jinse Finance, digital asset lending platform Ledn, in collaboration with Swiss crypto bank Sygnum, has completed a $50 million Bitcoin-collateralized loan refinancing. The financing amount is equivalent to a similar loan in 2024, but the new financing subscription volume is double the original plan, indicating rising investor demand for Bitcoin-backed credit products. Part of the loan was tokenized through Sygnum's Desygnate platform, making it available as an on-chain investment product for qualified investors. Industry data shows that the on-chain private credit market has become the largest and fastest-growing segment in asset tokenization, with a current market value of approximately $15.6 billion, accounting for 58% of the tokenized real-world asset market.