Today Daiwa Securities announced a proof of concept bond issuance on the Bitcoin network. Specifically, the tokenized debt was issued on the Liquid Network sidechain, which unlike the Bitcoin main chain, enables confidential transactions, identity verification and two-minute settlement.
The transaction also involved the tokenization of digital coins used to settle the payment in a delivery versus payment (DvP) transaction.
Two sets of bonds were issued by Daiwa Securities (Yen 10 million) and Daiwa Food & Agriculture (Yen 1 million). In both cases Daiwa Securities Group was the investor. The bonds mature on March 26.
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