Bond aims to add blockchain-issued securities to conventional asset funds
A $5 million (3.75 million pounds) equity offering that offers digital blockchain-issued securities in a conventional asset fund has launched to accredited investors worldwide.
Bond, the brainchild of a group of London-based business and cryptocurrency aficionados, affords investors the opportunity to purchase securities, i.e., "Bond Units," in an asset portfolio that holds a mixture of property bonds, real estate and cryptocurrency assets, a press release said.
Each Bond Unit, which digitally represents an equity share of a diverse asset portfolio, will be issued on the Bitshares blockchain and traded via the Bitshares decentralized exchange.
The portfolio was designed to safeguard value and protect against downside risk, even in the case of a dramatic cryptocurrency crash, according to the release.
Assets comprising the Bond portfolio include:
- Peer-to-peer bitcoin lending (30 percent)
- Traditional property bonds and real estate (30 percent)
- The Billion Hero campaign (30 percent)
- Alternative cryptocurrencies (10 percent)
By offering a traditional security in a digital format that can be bought and traded on a decentralized digital trading exchange, Bond is delivering a traditional wealth management strategy into the cryptocurrency age, enabling traditional investors to engage with the cryptocurrency and the blockchain market with familiarity and confidence, the release said.
An initial 5,000,000 Bond Units have been made available for presale purchase at an initial price of $1 per unit, with a minimum contribution level of $500. All investors must be fully accredited and will be subject to KYC checks.
"By offering traditional asset-backed securities in a transparent, blockchain-based digital environment, Bond's mission is to unify the reduced risk of the old with the possibilities and potential of the new," Bond founder and CEO Robert Edwards said in the release. "Bond is not about getting rich quick — it is about sensible, reduced risk investment that, through the blockchain, will securely profit from the growth of the property and crypto markets in the years to come."