dBonds monthly newsletter, October

First month of LongHash/ZilHive Incubation Program, dBonds on Zilliqa

The team behind dBonds protocol now going through LongHash incubation program in Singapore with the Depos project.

In October we started to implement dBond tokenization protocol (to tokenize traditional bonds) on Zilliqa blockchain according to grant agreement signed between Zilliqa Research Pte and Depos Technologies. dBond implementation is a first building block to make Depos stablecoin (a stablecoin collateralized by high-quality bonds) available on Zilliqa blockchain.

Speaking of bond tokenization, last month we received a lot of positive feedback on our proof of concept with tokenizing Deutsche Bank bond within Depos. We are still sharpening the transparency and some particulars of the custodian setup, but anyway, we see the interest and will continue working on this approach.
Need to say here, Deutsche Bank itself has nothing to do with this initiative and bonds were bought on the free market.

At this stage the dBonds protocol is not targeted to bring fixed income instruments to open crypto market. For doing that large assets and very tough legal setup is needed. Currently, produced dbond tokens are not treated as securities since they can be spread only over very limited number of holders.

On the other side, dBonds protocol is an ideal solution for using high quality fiat obligations as collateral in the digital space. Also, by using dBonds protocol crypto-related businesses (exchanges, wallets, dApps) and influencers can passively and transparently monetize their user base. Feel free to ask for more details on that in telegram group of the Depos project.

We are looking forward to establish new partnerships and grow the adoption of debt-collateralization for financial purposes.