Prince Michael of Liechtenstein was the first holder of what is deemed a historic blockchain bond emission last Friday—the first of its kind, issued by a fintech looking to make a little splash in the often saturated blockchain scene.
The bond was developed by SwissWide, which has issued the nation’s first symbolic blockchain bond with a face value of 300 CHF. At the event held at Hyatt, the company showcased how its blockchainbond.io platform works to create, issue and sell or purchase a bond.
Blockchainbond.io is a new marketplace for corporate fixed income debt products. It eliminates the need for third-party middlemen, so that companies and institutions can create and issue their bonds within minutes and at much lower costs.
The platform is open to both institutional and private investors. Blockchainbond.io also incorporates AI and smart contracts that enable Know Your Customer (eKYC), Anti Money Laundering (AML). The bonds issued on the platform can be subscribed with both crypto and fiat currencies.
After the presentation, all participants received a physical, hard-copy certificate of the issued SwissWide Blockchain Bond, thus becoming real owners.
The SwissWide event was held to reach out to major institutions like BlackRock, Bendura Bank, Bank Frick, and various family offices and angel investors. Of those, at least BlackRock has confirmed an interest in SwissWide’s financial products.