Small business lending protocol Defactor tokenizes $100M in bonds

On June 6, decentralized concern (DeFi) lending level Defactor Labs said that it tokenized $100 cardinal worthy of Alpha Bonds utilizing the ERC-3643 token standard. The bond, tokenized connected the Polygon (MATIC) network, volition beryllium lent to tiny and medium-sized enterprises utilizing real-world assets, specified arsenic receivables, arsenic collateral.

Defactor Labs partnered with instrumentality steadfast CMS to supply ineligible guidelines and documentation, choosing Luxembourg arsenic the instrument's governing jurisdiction. Meanwhile, Black Manta Capital Partners provided a broker-dealer licence and marketplace powered by Tokeny's ERC-3643 tokenization motor for Alpha Bonds.

— Defactor Labs (@DefactorLabs) June 6, 2023

Invented successful 2021 by Joachim Lebrun, Tony Malghem, Kevin Thizy, Luc Falempin, and Adam Boudjemaa, ERC-3643 sets a modular for individuality registry, storage, and compliance of tokens connected regulated exchanges. According to Tokeny, implicit $28 cardinal of instruments person been tokenized via the ERC-4643 modular successful implicit 180 jurisdictions.

Defactor Labs developers assertion that implicit $30 cardinal worthy of Alpha Bonds has been transacted during its aviator testing, with $2 cardinal going into task financing. Alejandro Gutierrez, CEO and co-founder of Defactor Labs, commented:

"By leveraging the ERC3643 modular to tokenize $100 cardinal worthy of bonds, Defactor Labs aims to not lone let organization investors to compliantly entree DeFi, but besides supply them with liquidity options successful an unfastened network."

Cointelegraph previously reported connected Feb. 21 that Defactor Labs' autochthonal token FACTR surged 550% soon aft Chinese telecommunications conglomerate Huawei showcased the task connected its societal channels. In the 30-second video, Gutierrez said the task is astir bridging accepted concern with DeFi, exploring the tokenization of real-world assets, and gathering partnerships with start-ups and ample corporations. Defactor is presently portion of the Huawei International Scale-Up Program successful Ireland. 

Magazine: Hong Kong crypto frenzy, DeFi token surges 550%, NBA China NFTs