Rajarshi Mitra
Independent Analyst
- Currency.com is probably the first organization to tokenize government bonds.
- Users can invest and trade in Belarusian government bonds using fiat, bitcoin, or ether.
Currency.com, a global exchange website, announced on May 7 that it would include a tokenized form of Belarusian government bonds in its platform. A press report revealed that users could invest and trade in Belarusian government bonds using fiat money or cryptocurrencies bitcoin (BTC) and ether (ETH).
Based in Belarus, Currency.com is probably the first organization to tokenize government bonds. Similar to bitcoin trading, the investors can buy fractional amounts of the new token. Per token costs $1000. One token represents one bond. Reportedly, there will be 252 bonds with a 4.2% per annum yield introduced to the exchange.
Viktor Prokopenya, Co-Founder of Currency.com, credited Decree No.8 from the Belarusian legislation in 2018. As per Prokopenya, it provided clear guidelines for the blockchain industry. He said:
“All this was made possible by the progressive Decree No. 8 ‘On the Development of a Digital Economy’ that was ratified in Belarus in 2018, affirming the country’s commitment to playing a big role in the next chapter of the technological revolution.”
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