Japan's Fisco Ltd. Issues First 'Bitcoin Bond'

In a first such deal in Japan, Fisco Ltd. has issued bonds denominated in bitcoins. The financial information provider designed the ‘bitcoin bond’ so it could meet regulatory requirements and the development of a vast array of bitcoin instruments is helping to galvanize its status as an asset class in its own right.

After becoming a legally recognized payment method in Japan, Fisco anticipates that bitcoin will be recognized as a financial asset. The bond sale took place on August 10, where a unit within Fisco issued three-year debt worth 200 bitcoins to another firm within the group, to see if the instrument could be useful for fundraising. The debt pays a three percent coupon and returns 200 bitcoins to the holder on maturation.

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