Deutsche Bank bond was tokenized in EOS network

The bond issued by Deutsche Bank was tokenized on the EOS network and is held by the British custodian Queen Street Finance. However, only members of the EOS network can access the asset.

Tokenization of the asset will not surprise anyone, however, in the case of the Deutsche Bank bond, the dBonds team used a non-trivial approach – the tokenized bond is held by the British custodian Queen Street Finance.

The asset is available only to members of the EOS network through the purchase of stablecoin DUSD, tied to the value of the bond. DUSD is issued through a smart contract based on purchases of bonds for fiat currencies, and token balances can be seen in the unitedbridge account on the EOS network.

Recall that in July, the German regulator approved the sale of tokenized bonds for $ 280 million. In September, Santander Bank issued bonds on the Ethereum blockchain for $ 20 million, and in early October, the Swiss Stock Exchange created a consortium to develop an SDX asset tokenization platform.