Babel Finance and FQX target bond market with crypto 'eNote' debut

Babel Finance announced on Thursday that it successfully issued its first collateralized USDC note, in a move that demonstrates crypto's potential to enter the $100 trillion global bond market.

The move, a demonstration of FQX's proof-of-concept, provides a legal layer for decentralized financing, and shows how certain tech can The transaction was executed using a Fireblocks custody wallet, with the principal provided by a Swiss investment firm and secured with smart contract-based collateral denominated in SOL.

"Through tokenization, investors are able to participate with smaller transaction sizes than traditional debt issuance, making it much more accessible to the broader market."

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Is the 24/7 crypto market good or bad for traders? Experts disagree.Crypto markets run 24/7 — is that good for market structure? And might traditional markets eventually work that way? I’d like to speak with the experts who disagree. Setting market hours means there will always be a time zone who isn’t allowed to process financial transactions during their day cycle. How does this fit into the idea that blockchain is here to support a meeting financial system?
Source: TheBlock__ - 🏆 464. / 53 Read more »

Crypto Exchange Coinbase Slows Hiring Amid Market Downturn – Exchanges Bitcoin NewsU.S. crypto exchange Coinbase is slowing hiring, citing the current down cycle in the market as a reason to rethink its staffing strategy. Its real ! SHIBx10 who the hell is using coinbase its the worst exchange in the crypto world.
Source: BTCTN - 🏆 531. / 51 Read more »