DeBond is making steady progress in decentralized finance. DeBond’s decentralization of bonds via blockchain technology, smart contracts and other means resulted a seed round in the amount of $500,000. This approach is backed by prominent investors and backers, opening the door to greater financial access for everyone.
DeBond Continues to Make Inroads
DeBond received seed funding from the European Union. This shows how much there is demand for financial decentralization. While bonds have been an integral part of finance for many decades, their fundamental model has not changed. Additionally, qualified investors only and government officials can obtain bonds. This creates an unstable market. These fractures can now easily be repaired with the aid of decentralized technology. Bond vehicles are more appealing than ever.
The recent seed funding round for DeBond – a $500,000 financial injection – puts the company’s valuation at $12.5 million. Bixin Ventures and Lotus Capital are seed round investors. Wave Capital, Wave Capital, Hotlabs and Wave Capital are also potential investors. Visions of collateralized and decentralized debt obligations, as well as the creation of bonds that are not subject to centralization and other forms of credit will transform the landscape for both consumers and institutions looking for opportunities within the financial industry.
ERC-37475 token standard makes it possible to approach these new financial vehicles. The ERC-3475 token standard introduces the independent function of allowing you to view, transfer and make bonds redeemable at bond issuers. This last option is only possible when certain conditions are met. The blockchain technology can be used to create new possibilities in the bond industry.
ERC-3475’s additional benefit is its ability to enhance the liquidity provider tokens of the Ethereum blockchain. ERC-3475 can be used to replace ERC-20’s token standard, by supporting more data and logic forms. DeFi-oriented companies and services can use a more sophisticated version of LP tokens. This will allow them to increase reward systems, or introduce new ideas.
A Big Step For Decentralized Finance
DeBond’s vision can help bring new use cases to bonds and derivatives. These are the two main points of the DeBond team. They also have two important investment vehicles for traditional finance, which, though they’ve made some progress in crypto, still remain unexplored. This strong backing from investors and backers confirms that these possibilities may pay off.
DeBond aims to increase the appeal of DeFi yield farming. In order to participate in yield farming, one must own specific crypto assets. Decentralized bonds could change this narrative. These bonds may also open up the possibility of a more complicated economic system, with ERC-2475 being a token standard.