INVAO Trading AG: INVAO issues world’s first fully fledged bond on Ethereum blockchain
- INVAO sets a new standard: IVO Blockchain Diversified Bond is the first bond on the Ethereum Blockchain to be issued exclusively as a token
- The IVO token according to ERC-20 standard secures the profit participation rights of investors in the blockchain through smart contracts
- INVAO provides structure and operation of the security token OpenSource
INVAO has launched the world’s first fully-fledged bond issue on the Ethereum blockchain. With the successfully completed Token Generation Event [TGE] of the IVO – Blockchain Diversified Bond [ISIN: LI0471823018], all investor rights granted in the securities prospectus approved by the FMA Liechtenstein were realized in the form of a security token according to the ERC-20 standard. The bond is the world’s first fully-fledged security of its kind, which exists exclusively on the Ethereum blockchain: all shares are issued and held exclusively as tokens.
As part of the Token Generation Event on September 27, 2019, all units of the IVO Token [IVO] were created in the Ethereum Blockchain. This step came after INVAO recently subscribed to around half of its target issue volume of $ 20 million.
New standard for Blockchain financial products
Frank Wagner, CEO of INVAO said,
“Our IVO – Blockchain Diversified Bond does not simply secure ownership of a traditional bond, it’s structured entirely on the basis of the Ethereum blockchain, and realized exclusively as a token. Unlike any other blockchain bond, we are the first issuer to fully rely on the classic paper form renounce and set a completely new standard for Blockchain financial products. Due to the tremendous potential for digitizing financial products through Blockchain technology, we have decided to make the full programming of the IVO Bond, including all Smart Contracts, open-source to the public.”
Other projects may use the developed software building blocks under the GNU license. The IVO token was programmed on behalf of INVAO by Validity Labs in Zug [Switzerland] and certified by MonteLabs in Savosa [Switzerland]. The Berlin-based Finoa, which provides a fully digital custody solution for blockchain assets that complies with regulatory guidelines such as PSD2 and EBICS, provides secure custody of issued security tokens.
About INVAO
INVAO is a global investment manager based in Liechtenstein with offices in Liechtenstein, Berlin, and Dubai. Through its IVO – Blockchain Diversified Bond [ISIN: LI0471823018], the company offers investors diversified market access to blockchain assets. With a smart mix of active portfolio management and AI-based automated trading, the blockchain portfolio is designed to generate high returns across all market cycles and provide downside protection in a still volatile and volatile asset class. Consolidating various blockchain assets into a single token will also provide investors with tax benefits.
The financial product is a tokenized zero-coupon bond under the ERC-20 standard, which represents a liquid asset, which can be traded on exchanges and peer-to-peer. The prospectus of the IVO – Blockchain Diversified Bond has been approved by the Financial Market Authority Lichtenstein.
Through the INVAO Foundation, which is under the supervision of the Liechtenstein Foundation Supervisory Authority, the Investment Manager donates a fixed portion of its annual profits from trading blockchain assets to charitable projects in order to have a lasting positive impact on society and the environment.
For more information about INVAO and the IVO – Blockchain Diversified Bond, visit website.
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Disclaimer: This a paid post, and should not be treated as news/advice.
