A new USD5 million (GBP3.75 million) equity offering that offers digital blockchain-issued securities in a conventional asset fund has now launched to accredited investors worldwide.
Bond, the brainchild of a group of London-based business and cryptocurrency aficionados, affords investors the opportunity to purchase securities, known as ‘Bond Units’, in an asset portfolio that holds a mixture of property bonds, real estate and cryptocurrency assets.
Each Bond Unit, which digitally represents an equity share of Bond’s diverse asset portfolio, will be issued on the Bitshares Blockchain and traded via the Bitshares decentralised exchange – enabling investors to trade them as a new form of digital currency with other accredited investors.
Bond’s diverse asset portfolio, which holds both fixed-rate and variable-rate traditional and alternative assets, is fully transparent and specifically designed to both safeguard the value of the basket and protect from downside risk, even in the case of a dramatic cryptocurrency crash.
As a result, Bond can provide a stable rate of return in an otherwise heavily volatile crypto-market, offering a minimum projected annual rate of return of 8 per cent of Net Asset Value, with returns quarterly.
The diverse range of assets that the Bond portfolio comprises of includes: Peer-to-peer Bitcoin lending (30 per cent); Traditional property bonds and real estate (30 per cent); The Billion Hero Campaign (30 per cent) and Alternative cryptocurrencies (10 per cent).
The firm writes that by offering a traditional security in a digital format that can be bought and traded on a decentralised digital trading exchange, Bond is delivering a traditional wealth management strategy into the cryptocurrency age – enabling those traditional investors who may hold reservations around cryptocurrency and the blockchain to enter the market with familiarity and confidence.
An initial 5,000,000 Bond Units have been made available for pre-sale purchase, at an initial price of USD1 per unit, with the minimum contribution level USD500. All investors must be fully accredited and subject to KYC checks.
Robert Edwards, Founder and CEO of Bond, says: “By offering traditional asset-backed securities in a transparent, blockchain-based digital environment, Bond’s mission is to unify the reduced risk of the old with the possibilities and potential of the new.
“Bond is not about getting rich quick – it is about sensible, reduced risk investment that, through the blockchain, will securely profit from the growth of the property and crypto markets in the years to come.”
