Decentralised bonds project in $4.6m private B funding round following rebrand to D/Bond
The rebrand is to reposition for international growth and new market opportunities
Paris, France — 30 March 2022 — The D/Bond project, which seeks to bring decentralised bonds to the blockchain using their pioneering ERC/3475 token standard, has announced the start of its private B fundraising round today. This new round entails the sale of 130,000 tokens intended to raise $4.5 million. The fund will cover the start-up company’s efforts to tap into new opportunities (see pitch deck), and expand the D/Bond ecosystem within the broader decentralised finance (DeFi) and capital markets.
The new funding round follows D/Bond’s completion of a major rebranding which includes a change from its former name Debond Protocol, logo, and website design to create a new image as it repositions to explore new market opportunities and broadens its appeal to the target investors in new markets.
The new push follows a successful seed funding round in which prominent investors participated to raise D/Bond’s valuation to $12.5 million. Led by Bixin Ventures, the financial companies Spark Digital Capital, Collinstar Capital, Exnetwork Capital, HOT DAO (formerly, Hotlabs), Waterdrip Capital, Lotus Capital, Crypto Dorm Fund, and Wave Capital took part in the first round of fundraising.
“D/Bond is creating a system to securitise any digital asset which does not exist yet,” says the CEO, Yu Liu. “We believe D/Bond has the potential to be an important player in the decentralisation of this market, hence the rebrand. We seek to partner with many more investors who believe in our multi-layered pool approach to reduce slippage and transaction fees. We are confident that thanks to our offer, ERC/3475 D/Bonds that are also tradable on our secondary market we are going to achieve our financing target.”
Visit www.debond.org to explore the new website, brand, and a demo of how the app enables users to convert digital assets to securities and derivatives, also turning them into assets tradable on the secondary market. (To test the functionality, please connect your wallet to the Ropsten testnet).
D/Bond is the Web 3.0 infrastructure pioneering the ERC/3475 token standard for decentralised bonds. Aside from the token standard, the company is to function as a decentralised investment bank that issues bonds for its customers and provides customised derivatives to hedge against risks. The Paris-based start-up also provides the D/Wallet decentralised wallet, the D/Exchange decentralised bond and derivative exchange, and an open market for securities as part of its ecosystem.
PS: Check D/Bond’s updated website for detailed information about the team and the company.
Here is the latest version of the project’s documents:
Pitch Deck: https://shorturl.at/ozBT1
Q & A: https://shorturl.at/bBDE4
Demo of platform’s front-end on GitHub: https://palexs.github.io/debondfront (please connect wallet to Ropsten testnet)
Questions? Book a call with the team here:
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