The global exchange website has announced that it will be offering a tokenized form of Belarussian government bonds, according to a on May 7.
According to the press release, users can now use fiat money or () and ether () to invest in and trade Belarussian government bonds. Belarussian-based company is reportedly the first organization to tokenize government bonds.
As is the case with other such as , investors will be able to purchase fractional amounts of the new . Initially, these are being offered on the exchange at $1,000 per ; a will represent one bond, and there will initially be 252 bonds with a 4.2% per anuum yield introduced to the exchange.
Co-Founder of Currency.com Viktor Prokopenya credits a piece of Belarussian legislation in 2018, , which provided clear guidelines for the industry. Prokopenya 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.”
In a previous by Cointelegraph, the national bank Oesterreichische Kontrollbank (OeKB) issued $1.35 billion worth of government bonds on behalf of the Austrian Treasury on the public in an auction during September 2018.
Published at Wed, 08 May 2019 22:06:42 +0000
