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Toxic Assets Ready to Roll into Crypto - DBags for DBonds
🕑 Added 2019-10-15 15:00:03 +0000 UTCDeutsche Bank bond tokenized on the EOS mainnet
The dBonds team recently managed to tokenize Deutsche Bank bond on the EOS mainnet. This has been made possible through their agreement with an authorized UK based custodian, Queen Street Finance, and their stablecoin standard DUSD, already issued on EOS.
How does it work?
- The USD-denominated fiat bond is purchased and deposited into the custodian escrow account.
- The DSUD nominated dbond (DBAAAAA) is issued by thedbondsacc contract at the request of emitent (unitedbridge account)
- This dbond (DBAAAAA) is locked within the thedeposbank and new DUSD are issued respectively, so that the dbond is considered as DUSD collateral.
https://www.eosgo.io/news/deutsche-bank-bond-tokenized-on-the-eos-mainnet
Will this the the Pump n Dump house for Cryptos now? We're going to do some more digging...
Comments
TY!
TY!
thanks
Interesting article.....https://www.ibtimes.com/china-launch-own-cryptocurrency-will-work-wechat-alipay-2846891 especially when combined with the New Money video posted on the 14th.
Hello deawr 7.83 Hz, we have not thoughts about it at the moment but let's see what the world events prediction for November will bring. Warm greetings, Rose
Hi i boight most the tokens and coins however there is on o see and i cant remember if its WIN or WINK token, can someone help me please:)?
This seems to be an important.meeting, the Rich, Royals etc. will be meeting with crypto currency mortals. https://ritossafamilyoffice.com end of November in Dubai. Any thoughts on that?
Check out todays headlines on BNN https://business.financialpost.com/technology/blockchain/bank-of-canada-exploring-digital-currency-that-would-replace-cash-track-how-people-spend-money/amp
Bill S
No wonder EOS got the $21-24? million slap on the hand by the SEC for a $4 Billion dollar non authorized ICO. Basically you carry these liabilities and bury them and all is ok. Same thing they did with Bankers Trust bad debt that was absorbed by DB?
Like Bitcoin Ben said tokenize debt derivatives Deutchse Bank is test net bank, and they throw it at the fan and see if it flies!
waiting is a work of investor
When moon sir? I’m tired of waiting.
