Who Needs a CSD? Nivaura to Issue First Regulated Bond in Ethereum

Who Needs a CSD? Nivaura to Issue First Regulated Bond in Ethereum

Blockchain startup Nivaura will today initiate its first bond denominated exclusively in ether. But what’s truly disruptive about the issuance isn’t the cryptocurrency denomination itself. Rather, its that the bond will be cleared, settled and registered on the public ethereum blockchain, potentially rendering irrelevant traditional central securities depositories . Built under the regulatory oversight of Britain’s Financial Conduct Authority (FCA), the first-of-its-kind bond is being issued by London-based luxury retail startup LuxDeco, and was created with the help of JP Morgan, Moody’s and others, in part to help LuxDeco raise capital for short-term seasonal demand. With a relatively short […]