Deutsche Bank bond has been successfully tokenized on EOS blockchain

We are glad to announce, that the first (as we are aware of) digital bond is issued on the EOS blockchain!

What does it mean?

1. The escrow agreement signed with the licensed UK custodian.
2. High-quality USD nominated bond of Deutsche Bank AG is locked within custody until the maturity time.
3. Digital bond (dbond) DBAAAAA is issued by thedbondsacc contract following the request of emitent (unitedbridge account), dbond is nominated in DUSD— stablecoin by the Depos Technologies (thedeposbank contract).
4. Dbond DBAAAAA is put as a collateral in thedeposbank smart contract and stablecoins DUSD are issued with respect to the current price of DBAAAA.
   Stablecoins are issued to the possession of unitedbridge account.

To take a look at the dbond information, please, check block explorer.

To take a look at the agreement, please, check pdf file.

For the questions concerning stablecoin, how 1:1 peg is provided, what happens with the accumulated interest rate and others, please, visit the Depos project web page, join telegram discussion and check Depos medium blog.

For the questions concerning bond tokenization process, such as what happens on default, if there is a marketplace for such fixed income instruments, what is the legal status, if the token is a security and other questions, please, check dBond protocol web page, other articles in this channel or join telegram discussion.