Saturday, January 11

Tag: B2C2

PV01 Completes Proof of Concept for On-Chain Debt Market with Digital Bond Issuance on Ethereum

PV01 Completes Proof of Concept for On-Chain Debt Market with Digital Bond Issuance on Ethereum

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PV01 has actually effectively provided the very first digital native bond on the general public Ethereum blockchain under English law. The $5M bond, denominated in USDC and backed by a United States Treasury Bill, was acquired by a group of blue-chip stablecoin financiers, consisting of B2C2, Keyrock, and BlockTower Capital. TLDR PV01 has actually provided the very first digital native bond on the general public Ethereum blockchain under English law, backed by a United States Treasury Bill and making a yield of 5.10%. The bond was bought by blue-chip stablecoin financiers, consisting of B2C2, Keyrock, and BlockTower Capital, for an overall of $5M denominated in USDC. The bond's whole lifecycle, from issuance to redemption, happened on-chain, without the requirement for a main security de...