Cryptocurrency Rolls Out Tokenized Gov’t Bond

Government Bonds

As the world of digital currency moves towards the traditional financial sphere, is rolling out what the site describes as the first tokenized government bond in the world. The full debut will allow private and institutional investors to access 1,000 tokenized securities — except for those in countries on the FATF list and the U.S., according to reports. CEO Ivan Gowan said, according to reports, “The arrival of tokenized securities will completely change how investors can use their cryptocurrencies. Linking crypto to the price of stocks and shares provides a tangible way for holders of bitcoin and ethereum to access traditional financial markets.”

Through the site, users will have the ability to invest and trade in tokenized government bonds through bitcoin, ethereum or fiat currency. The platform has reportedly made a tokenized version of government bonds from Belarus and intends to bring more government as well as corporate bonds as time goes on. It was reported that the company’s trading platform is enabled by artificial intelligence (AI) and available through mobile as well as web.

The news comes reports surfaced in January that a digital exchange was slated to open that would enable investors to trade shares in companies even when the markets in the U.S. are closed. DX.Exchange, the company behind the platform, has offices in Estonia as well as Israel, and reportedly planned to offer digital tokens that are based on shares of 10 companies listed on the Nasdaq. While each token is tantamount to one share in a given company and the holder has the right to receive dividends, Bloomberg noted, “the companies themselves are not involved.”

DX.Exchange CEO Daniel Skowronski said in an interview with Bloomberg through a written exchange, “we saw a huge market opportunity in tokenizing existing securities. We believe that this is the beginning of the traditional market’s merge with blockchain technology. This is going to open a whole new world of trading securities old and new alike.”



New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.