CT News: Bitshares and Bond Team Up in Game Changing Partnership!
According to a recent article, Bitshares has made a new friend as Bond will be launching an equity offering that issues a digital blockchain security in a conventional asset fund. If you've never heard of Bond, it is the trading name for Euskara Management Limited.
Apparently, Bond wants to deliver a “traditional wealth management strategy in the cryptocurrency age.”
The investment will be open to accredited investors across the globe and to be sure to play by all the rules, the company has filed a Form D 506c with the US Securities and Exchange Commission.
The creators of Bond seek $5 million ( £3.5 million) in an investment that offers investors an opportunity to purchase securities called ‘Bond Units’, Bond Units are the increments of a portfolio which holds a mixture of property bonds, real estate and cryptocurrency assets.
Robert Edwards, founder and CEO of Bond had the following to say about the new crypto asset:
“By offering traditional asset-backed securities in a transparent, blockchain-based digital environment, Bond’s mission is to unify the reduced risk of the old with the possibilities and potential of the new. Bond is not about getting rich quick – it is about sensible, reduced risk investment that, through the blockchain, will securely profit from the growth of the property and crypto markets in the years to come.”
Each Bond Unit, which is said to digitally represent an equity share of Bond’s asset portfolio, will be issued on the Bitshares Blockchain and traded via the Bitshares decentralised exchange. Investors may then trade them as a new form of digital currency with other accredited investors.
The company says it holds both fixed-rate and variable-rate traditional and alternative assets, is fully transparent and specifically designed to both safeguard the value of the basket and protect from downside risk, even in the case of a cryptocurrency collapse. Bond seeks an annual rate of return of around 8%.
In an age of rapidly increasing cryptocurrencies and crypto assets it might not be a bad thing to put your money on an asset with a nice steady fixed rate of return right?
Bond is offering stable rate of return while maintaining exposure in the crypto-market. It provides a minimum projected annual rate of return of 8% of Net Asset Value and quarterly returns.
The portfolio is described as follows:
Peer-to-peer Bitcoin lending (30%)
Traditional property bonds and real estate (30%)
The Billion Hero Campaign (30%)
Alternative cryptocurrencies (10%)
There are 5,000,000 Bond Units currently available for pre-sale purchase, at $1 per unit. Be advised Bond isn't for everyone because keep in mind, the minimum contribution level $500. It appears they have checks and balances that will keep regulators from making a fuss as all investors must be fully accredited and subject to KYC checks.
I personally have not bought this new crypto asset but find it fascinating. Clearly this is an evolution of traditional asset classes offering something of a hybrid product with features of both a mutual fund and a cryptocurrency.
What do you guys think of this new offering? Will it take the financial markets by storm? Please leave thoughts and comments below.
Thanks for reading @CryptoTelegraph!
Source:
Bond: A Digital Blockchain Security in a Conventional Asset Fund Tradable on Bitshares - Crowd Fund Insider
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Crowd Fund Insider