- They are tokenizing $100 million worth of bonds
- The new product is called Alpha Bonds
- It can be issued on the Tokeny platform from Black Manta Capital Partners
Lending DeFi platform Defactor Labs trains tokenized Alpha Bonds. They will issue securities in the amount of $100 million. For this, the ERC3643 standard is used in the Polygon network.
Defactor Labs offers loans to small and medium businesses. Now they can receive crypto-capital against real assets (for example, receivables) as collateral. At the same time, smart contract settings will be “embedded” into the ERC3643 standard so that such securities comply with all legal regulations.
According to the company, Alpha Bonds will help the global market for SMEs (small/medium enterprises) to overcome the lack of funding. Now this deficit is estimated at about $1.5 trillion.
In the traditional financial system, SMEs have difficulty financing through bonds. This is due to long calculation cycles and time-consuming manual processes. Thanks to digital analogues, the procedure will be greatly facilitated.
Alpha Bonds partners are CMS and Black Manta Capital Partners. CMS Law Firm will be responsible for compliance. And the broker-dealer Black Manta Capital Partners will provide a license for the services and the trading platform of Tokeny. On this service, it will be possible to tokenize capital into bonds based on ERC3643.