The Emergence Of Bitcoin-Native Bonds
El Salvador is using a federated Bitcoin sidechain to issue a bond, a pivotal moment for Bitcoin’s evolution as a financial platform.The below is a direct excerpt of Marty's Bent Issue #1116: "The emergence of bitcoin native bonds." Sign up for the newsletter here.As I’m sure some of you freaks are aware of already, the country of El Salvador has announced they will be issuing a $1B bond via the Liquid Network leveraging the expertise of Blockstream and Bitfinex. The bond will be split into two $500M tranches, one of which will be used to purchase and hold bitcoin for at least five years....
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China Construction Bank, one of the “big four” banks in China, is selling $3 billion in bonds that can be paid for with bitcoin. The bonds will be listed on a regulated Malaysian digital asset exchange. Beijing-based China Construction Bank (CCB) is selling $3 billion in bonds for bitcoin and U.S. dollars through its unit in Malaysia, the South China Morning Post reported Wednesday. This is the first digital security issued by a Chinese bank on a blockchain, the publication added, noting: The deal also allows investors to trade these China Construction Bank’s digital....
The launch of El Salvador’s bitcoin bonds, issued to finance part of the construction of the Bitcoin City in the country, will be delayed again. In a recent interview Paolo Ardoino, CTO at Bitfinex, the exchange in which these bonds will be offered, stated that the law framework needed for the issuance of these digital securities is still not ready.
El Salvador to Delay Bitcoin Bonds Launch
The launch of the iconic bitcoin bonds of El Salvador, which will serve to fund the construction of the Bitcoin City announced last year, will be further delayed, according to reports....
MicroStrategy’s Michael Saylor has recently shared his thoughts around bitcoin-backed bonds which have been gaining popularity after El Salvador announced that it would be launching the first one. Saylor who is a staunch advocate of BTC explained where he saw the market right now in terms of bitcoin bonds and whether or not the crypto […]
The DAO intends to generate yield with its native DAI stablecoin via traditional investments in US treasuries and possibly even corporate bonds. MakerDAO is currently voting on a proposal aimed at helping it weather the bear market and utilize untapped reserves by investing 500 million Dai stablecoins into a combination of US treasuries and bonds.Following a straw poll in a governance 'Signal Request,' the decentralized autonomous organization (DAO) members now must decide whether the dormant DAI should go entirely into short-term treasuries or split 80% into treasuries and 20% into....
During his talk at IDX Derivatives Expo in London, Alex Batlin, Director in UBS's technology innovation, research and development team shed some light on what the financial institution has been working on in their innovation lab: smart-bonds on the Bitcoin blockchain. International Financing Review Asia (IFR Asia) reported that the smart-bonds were described by Batlin as bonds where "risk-free interest rates and payment streams were fully automated, creating a self-paying instrument.""The key attraction is that there is no middle or back office, and no registry, so clearly a major impact....