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The British startup represents the world's first regulated etherium bond



Wednesday marks the release of the first Ethereum-denominated bond in a move that could lead to the obsolescence of current centralized processes.



22.Nov.17 1:42 PM
By Daria Zaytseva
Photo Toinnov.com

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The British startup represents the world's first regulated etherium bond

Together with JPMorgan, Moody's and others, Blockchain startup Nivaura created the bond for the British luxury goods dealer LuxDeco, which will issue it.

The British Financial Conduct Authority (FCA) has made regulatory oversight in the development process of the bond. In the future, sources in the industry cite LuxDeco, additional bonds may appear if cryptocurrency continues its main trajectory.

The same trajectory could have a significant impact on the bonds. Middlemen are contributing time and costs to the obsolete infrastructure, and replacing them with smart contracts would potentially make bonds available to many other businesses with less capital.

The news comes as Bitcoin prepares for a de facto debut on Wall Street through futures of CME Group, which is schedule to launch in about three weeks.




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