
Episode #185 – ABS Ratings = Milkshake NGU
By Anon
Aired Feb 26, 2026 · 35m · Last boosted Mar 22, 2026
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Episode #185 | Published February 26, 2026 A lender took a pool of bitcoin-collateralized loans, packaged the pool into an asset-backed security, sold roughly $188 million of bonds, and cleared investment-grade treatment on senior notes. That is not just a headline event. It is a structural transition where Bitcoin collateral gets translated into bond language: tranches, enhancement, triggers, servicing, and surveillance. Episode Summary The central claim is straightforward: this is a market-structure milestone because Bitcoin has now entered institutional credit plumbing in a form fixed-income desks can evaluate, price, and distribute. Asset-backed securitization is not new technology. What...
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If you are getting your #40hpw you should listen to this as it talks about Ledins businesses model




























