In a surprising and amazing move, The dBonds team of the Deutsche team have managed to successfully tokenize the bank’s bond on the mainnet of EOS.
The collaboration was made possible by Queen Street Finance, an authorized US-based custodian that already has its stablecoin standard DUSD issued on EOS blockchain.
These USD-denominated bonds can be bought and deposited into the custodian escrow account. The DUSD nominated dbond (DBAAAAA) is then issued by thebondsacc contract at emitent’s request that is unitedbridge account. Maksim Mironov, co-founder of Depos commented:
“This is an important step towards bringing fixed income instruments into EOS ecosystem and building transparent decentralized bank with stablecoin fully collateralized by high valuable on-chain assets including tokenized bonds,”
This market could grow and become massive. This is obviously a good test to see what happens at maturity and if the mechanics run smoothly. The bond market is one of the biggest in finance and now DiFi has entered the crypto sector it is set to grow. Now this is on the corporate sector rather than personal retail lending it could catch on.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.