UK startup nivaura unveils world first regulated ethereum bond

wednesday marks the release of the first ethereum denominated bond in a move that could make current centralized processes obsolete .

together with jpmorgan moodys and more blockchain startup nivaure created the bond for uk based luxury goods dealer luxdeco which will issue it .

the uk financial conduct authority FCA contributed regulatory oversight to the bonds development process . going forward industry sources quote luxdeco further bonds could appear if cryptocurrency continues its mainstream trajectory .

that same trajectory could have a considerable impact on bonds specifically . middlemen contribute time and costs to legacy infrastructure while their replacement with smart contracts would potentially make bonds available to many more businesses with smaller capital .

the news comes as bitcoin prepares to de facto debut on wall street via CME groups futures which is set to launch in around three weeks .

cointelegraph has reached out to nivaura for more information about the bonds release and will update this article as information becomes available .