Home » Small business lending protocol Defactor tokenizes $100M in bonds

Small business lending protocol Defactor tokenizes $100M in bonds

by WorldFinance
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Small business lending protocol Defactor tokenizes $100M in bonds

On June 6, decentralized finance (DeFi) lending platform Defactor Labs said that it tokenized $100 million worth of Alpha Bonds using the ERC-3643 token standard. The bonds, tokenized on the Polygon (MATIC) network, will be lent to small- and medium-sized enterprises using real-world assets, such as receivables, as collateral.

Defactor Labs partnered with law firm CMS to provide legal guidelines and documentation, choosing Luxembourg as the instrument’s governing jurisdiction. Meanwhile, Black Manta Capital Partners provided a broker-dealer license and marketplace powered by Tokeny’s ERC-3643 tokenization engine for Alpha Bonds.

Continue Reading on Coin Telegraph

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