References

Corporate bond tokenization for SCB

Standard Chartered Bank, Singapore/Philippines

Implemented an issuance platform for tokenized corporate bonds in Southeast Asia

Covered the entire value chain including connection of a distribution partner (Union Bank of the Philippines), order book management and custody

Delivered tokenization module and custody software

w

Supported discussions with local regulator

Usage

The Union Bank of the Philippines issued a tokenized bond of USD 187 million through the platform in December 2020

Goals

  • Establish an issuance platform for security tokens
  • Improve access to corporate bond investing for retail investors
  • Increase secondary market liquidity for bonds

Tokenization platform for DCM products

Vonovia/firstwire, Bochum/Cologne

Provided technology for the first tokenized bond of a German DAX30 company via Bitbond client firstwire

Delivered the technology for tokenization and transfer of security tokens

Enabled independent arrangement of transactions via firstwire without intermediaries such as CSDs

Helped coordinate underwriting of the transaction by MM Warburg, custody by Bankhaus von der Heydt

Digitized the entire value chain

Usage

Issuance of EUR 20 million digital registered bond by DAX30 company

Goals

  • Automate issuance and investment process on the firstwire marketplace
  • Innovative debt financing of real estate projects
  • Give institutional investors access to tokenized bonds

Digital asset banking platform

Bankhaus von der Heydt, Munich

Implemented a technology platform for digital asset banking including tokenization and custody

Supported the bank with necessary documentation for crypto custody license application

Delivered the technology for the automated issuance of the bank’s EUR stable coin

Achieved significant efficiency gains through technology deployment (lower costs, fewer intermediaries and reduced complexity, digital onboarding, global transferability and high secondary market liquidity)

Usage

Over EUR 50 million assets under custody

Goals

  • Reduce issuance time for securitizations from 6 weeks to 3 days via tokenization
  • Introduce stable coin based payments settlement via the bank’s EURB digital Euro
  • Launch custody of digital assets under German crypto custody license

First European tokenized bond

Bitbond Finance, Berlin

Developed legal concept and discussed it with German financial regulator BaFin throughout the year 2018

Received approval for tokenized bond prospectus in January 2019 and conducted the BB1 tokenized bond offering thereafter

Developed proprietary tokenization technology that is compliance with EU prospectus regulation

Manage coupon payments on-chain in an automated way

Made the BB1 tradeable on a decentralized exchange

Usage

Over EUR 2.6 million bond volume

Goals

  • Prove that a fully dematerialized bond is possible under EUR prospectus regulation
  • Raise working capital from retail investors
  • Show that our tokenization technology works at scale
Loading...