DeBond continues to make inroads into the decentralized finance industry. His approach to decentralizing obligations through blockchain technology and smart contracts resulted in a funding round of $ 500,000. Various prominent donors and investors see merit in this approach, paving the way for wider financial access to all.
DeBond continues to make inroads
Seed round table for DeBond shows the overall demand for decentralization of traditional financial instruments. Bonds have been a staple of the financial industry for decades, but their basic model has not changed. More importantly, bonds are only accessible to qualified investors and governments, creating a fractured landscape. With the help of decentralized technology, these fractures can now be repaired and the attractiveness of bond vehicles can be broadened.
The recent round of seed funding for To take off – a financial injection of $ 500,000 – puts the valuation of the company at $ 12.5 million. Seed cycle investors include Bixin Ventures, Lotus Capital, Wave Capital, Hotlabs, etc. The vision of decentralized bonds and secured debt securities is changing the rules of the game for consumers and institutions as they explore new opportunities in the financial sector.
The approach to these new financial vehicles is made possible by the ERC-3475 token standard. It introduces independent functions to read, transfer a collection of bonds and have redeemable bonds with the bond issuer. This last option will only be possible if specific conditions are met. The exploitation of blockchain technology for the bond industry presents new opportunities that would otherwise not be accessible.
An added benefit of the ERC-3475 is how it improves upon traditional liquidity provider tokens on the Ethereum blockchain. Specifically, it can replace the ERC-20 token standard by supporting additional data and logical forms. As a result, a more advanced version of LP Tokens can prove beneficial for DeFi-oriented projects and services and help improve reward systems or even introduce new ideas.
A big step for decentralized finance
DeBond’s vision can bring more use cases for bonds and derivatives. These are two focal points for the team and two crucial investment vehicles in traditional finance that, while making some forays into crypto, remain largely unexplored in the industry. The strong support from these lenders and investors confirms that exploring these options can prove useful.
DeBond intends to improve the overall attractiveness of yield farming in the DeFi industry. The current landscape is forcing users to own specific crypto assets in order to engage in yield farming on a particular chain. However, decentralized bonds can change that narrative for the better. They can also pave the way for a more complex economic system centered on ERC-2475 as a symbolic standard.