Wall Street

The Cracks in the Crypt-O-Bond: Wall Street’s First Bitcoin-Backed Asset Sale Buckles Under Market Stress

Bitcoin

The Cracks in the Crypt-O-Bond: Wall Street’s First Bitcoin-Backed Asset Sale Buckles Under Market Stress

The ambitious marriage between traditional structured finance and the volatile world of digital assets faced its most harrowing trial this week. On February 11, 2026, the first-ever investment-grade rated Bitcoin-backed bond sale—a $188 million asset-backed security (ABS) orchestrated by investment bank Jefferies Financial Group Inc. (NYSE: JEF)—hit a

By MarketMinute