First cryptocurrency bond launched, more to come

blockchain AS 230x150
By Lewis McLellan
23 Nov 2017

Blockchain’s seemingly inexorable encroachment on the capital markets business reached a new phase on Wednesday with the world’s first bond denominated in cryptocurrency.

The bond is a private placement and was sold by LuxDeco, a British furniture store. The issuer would not disclose the amount or tenor of the deal, but the trade was denominated in ether — the world’s second largest cryptocurrency.

The clearing and settlement process took place entirely ...

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