Digital platform dBond conducted tokenization Deutsche Bank bonds, which was based on EOS blockchain. These bonds are linked to the stable DUSD cryptocurrency.
Blockchain EOS
The dBond platform, operating in the open source system, carried out the bond tokenization process Deutsche Bank. The whole operation was based on blockchain EOSwhich is now full of hope. It currently occupies the eighth position when it comes to market capitalization on CoinMarketCap.
tokenization The product of one of the most recognizable banks was a great success for the entire EOS team - the fourth generation blockchian, offering attractive possibilities of intelligent contracting.
Deutsche Bank did not participate in tokenization
The most interesting in the whole project is that the main stakeholder, Deutsche Bank, did not participate in the tokenization process of its bonds.
The dBond platform has found a way to carry it out without the bank's permission.
On the other hand, an authorized custodian - a British financial company, was involved in tokenization Queen Street Finance.
Regulatory problems solved
Many digital platforms face significant barriers from financial regulators. It's no secret that EOS also has a difficult transition with the Securities and Exchange Commission (SEC).
Quite recently, in 2017, the platform managed to reach a settlement regarding a penalty amounting to 24 million dollars for illegal, according to Commission members, offering securities during ICO.
At present, blockchain has already achieved full regulatory compliance, according to the assurances of the developers of EOS. Thanks to this, the platform is properly prepared to enter the digital securities market.
What exactly is the tokenization of Deutsche Bank bonds?
An investor interested in purchasing tokenized Deutsche Bank bonds must first purchase them in the traditional currency.
Then they are deposited on the trust account and the next step is to create token bond dominated to stable cryptocurrency DUSD, which goes to the required waiting time for the escrow account Queen Street Finance.
According to dBond representatives, tokenization of Deutsche Bank bonds is an important step towards creating a decentralized bank with full transparency, turning stable cryptocurrencies and having well-secured digital assets, such as tokenized bonds.