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Presented collaboratively by Early Riders & Onramp Media…

Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development.

00:00 - Introduction to Ledn and Bitcoin Lending

03:56 - Discussing the State of Bitcoin Leverage

06:42 - Understanding Risks in Bitcoin Lending

09:46 - The Impact of Market Dynamics on Bitcoin Lending

12:48 - The Importance of Transparency in Lending

15:47 - The Role of Institutional Investors in Bitcoin Lending

18:45 - Lessons from Venezuela: Mauricio's Journey to Bitcoin

21:59 - The Future of Bitcoin Lending and Ledn’s Vision

33:20 - The Birth of Ledn: A Solution to a Common Problem

35:35 - Understanding ABS: Transforming Bitcoin Lending

44:13 - Investment Grade Ratings: A Game Changer for Bitcoin Loans

52:20 - The Future of Bitcoin Loans: Bridging Traditional and Crypto Finance

59:16 - Navigating Competition: Banks Entering the Bitcoin Space

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Links discussed:

https://www.galaxy.com/insights/research/state-of-crypto-leverage-q4-2025

https://finance.yahoo.com/news/blockfills-ceo-exits-75-million-205445687.html

https://www.theblock.co/post/392732/crypto-lender-blockfills-restructuring-after-halting-withdrawals-lawsuit-ft

https://www.ledn.io/post/ledn-abs

https://www.ledn.io/post/tether-invests-in-ledn

https://www.ledn.io/post/ledn-posts-record-q3

Keep up with Mauricio:

https://x.com/cryptonomista

https://www.linkedin.com/in/mauricio-di-bartolomeo-780284101/

Keep up with Liam:

https://x.com/Lnelson_21

https://www.linkedin.com/in/liam-nelson1/

Keep up with Brian:

https://x.com/BackslashBTC

https://www.linkedin.com/in/brian-cubellis-00b1a660/