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."
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