Deutsche Bank Bond Successfully Tokenized on EOS Mainnet

The dBonds team of the Deutsche team has managed to successfully tokenize the bank’s bond on the mainnet of EOS. This happened in collaboration with Queen Street Finance, an authorized US-based custodian that already has its stablecoin standard DUSD issued on EOS blockchain.

These USD-denominated fiat bonds can be purchased 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.

This dbond is locked within the thedepsbank and new DUSD are issued for dbond to work as DUSD collateral.

“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,”

said Maksim Mironov, co-founder of Depos.

The seventh-largest cryptocurrency is currently trading at $3.14 with 24 hours gains of 0.57%, as per Coincodex. EOS, however, is still down over 87% from its all-time high of $22.70.

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AnTy
AnTy
AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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