On-chain issuance reduces frictions and opens bond markets to a broader investor base
London, [XXX November] 2024 – B2C2, a global leader in institutional liquidity for digital assets, and PV01, the on-chain debt capital markets house, announced the breakthrough issuance of B2C2’s first on-chain corporate bond.
A world first, the bond is represented by a transferable token on the Ethereum blockchain and is documented under English law. Denominated in the USDC stablecoin, its entire lifecycle takes place on-chain: issuance, secondary transfers and trades and redemption.
The transaction reflects PV01's ongoing momentum and builds on a series of recent issuance following the successful first tokenized treasury bond in partnership with B2C2, BlockTower Capital and Keyrock in April 2024.
Max Boonen, Founder of PV01 said: “Crypto corporate bonds are our strategy’s natural next step after our US Treasury-backed bonds. Crypto issuers will demonstrate that debt can be issued, traded and redeemed on the blockchain without so many intermediaries. This will pave the way for traditional companies to issue debt on-chain in turn.”
As a global leader in the institutional trading of digital assets B2C2 provides deep, reliable prices across all market conditions. B2C2 is owned and backed by Japanese financial services conglomerate SBI. With a strong credit profile, and an extensive regulatory footprint, B2C2 helps firms access the crypto market with confidence and reliability.
Thomas Restout, Group CEO of B2C2, added: “With this corporate bond, B2C2 continues to diversify its funding sources, enhancing its ability to service a rapidly growing institutional client base. We are pleased to have been supported by PV01 with this corporate bond issuance and welcome further innovation for the benefit of all.”
Media Enquiries
Eterna Partners for B2C2
Tim Reed, Your Partners, LTD for PV01
tim@y.partners
More than just a liquidity provider, B2C2 is a digital asset pioneer building the ecosystem of the future.
The firm has unlocked institutional access to crypto by providing reliable liquidity across market conditions. B2C2’s success is built on crypto native technology and continuous product innovation, making it the partner of choice for diverse institutions globally.
Founded in 2015 and majority owned by Japanese financial group, SBI, B2C2 Ltd is headquartered in the UK, with offices in the US and Japan.
B2C2 Ltd is registered in England and Wales under company number 07995888 with its registered office at 86-90 Paul Street, London, EC2A 4NE. B2C2 Ltd is the parent company of the B2C2 group of companies. Products may be provided by different members of the B2C2 group of companies, depending on the jurisdiction of the client and the regulatory status of the product and/or B2C2 group member. B2C2 is a registered trademark.
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