Argento Access, a Luxembourg-based securitization firm, has partnered with London Block Exchange to create the first Bitcoin (BTC) based bond product. The bond will be available immediately, the firms announced.
The bonds will be exclusively traded on the LBX Trader, and have been underwritten by a local custodian, fully regulated with the Financial Conduct Authority. The buyers and holders of the notes are also recorded on the blockchain for additional security.
Phil Millo, Argento’s Manager said: “We are thrilled to have structured and produced the world’s first institutional grade Bitcoin-denominated financial product. The large investment banks really dropped the ball on this one.”Benjamin Dives, CEO of LBX said...