Jay (Lygos)
Industry participant from Lygos specializing in Bitcoin lending and custody models, explaining Ledn's securitization, bond structure and implications for institutional collateral use.
Best podcasts with Jay (Lygos)
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Feb 21, 2026 • 48min
The Blockspace Pod: Wall Street Just Gave Your Bitcoin Bonds A (BBB) Triple B Rating
Jay (Lygos), a Bitcoin lending and custody specialist; Matt (CoinShares), institutional mining and capital strategist; and Kaan (Luxor), mining markets and hash rate analyst. They discuss a historic 14% difficulty spike and weather-driven miner curtailments. They unpack hedging outperforming spot mining post-halving and Ledn’s Triple B rated Bitcoin-backed bond and its securitization structure.
