Small business lending protocol Defactor tokenizes $100M in bonds
The bonds are tokenized on Polygon using the ERC-3643 token standard. On June 6, decentralized finance (DeFi) lending platform Defactor Labs said that it token ized $100 million worth of Alpha Bonds using the ERC-3643 token standard. The bond, token ized 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. We are LIVE! @DefactorLabs CEO and Co-founder of @Defactor_ Alejandro Gutierrez (@A_gutierro) officially launches the first ever European Institutional #DeFi investment product, Alpha, live on stage at @money2020! We were chosen as one of the top ten finalists out of… pic.twitter.c...