Bond: A Digital Blockchain Security in a Conventional Asset Fund Tradable on Bitshares

This is a new spin on the growing digital asset world and token offerings (ICO). Bond is launching an equity offering that issues a digital blockchain security in a conventional asset fund. Bond is the trading name for Euskara Management Limited. Bond wants to deliver a “traditional wealth management strategy in the cryptocurrency age.”

The investment is said to be open to accredited investors – globally and the company has filed a Form D 506c with the US Securities and Exchange Commission. The creators are seeking $5 million ( £3.5 million) in an investment that is described as allowing 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.

Robert Edwards, founder and CEO of Bond – who apparently operates several other companies according to his LinkedIn profile, explains;

“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.”

Each Bond Unit, which is said to digitally represent an equity share of Bond’s asset portfolio, will be issued on the Bitshares Blockchain and traded via the Bitshares decentralised exchange.  Investors may then trade them as a new form of digital currency with other accredited investors.

The company says it 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 cryptocurrency collapse. Bond seeks an annual rate of return of around 8%.

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% of Net Asset Value, with returns quarterly. The portfolio is described as follows:

  • Peer-to-peer Bitcoin lending (30%)
  • Traditional property bonds and real estate (30%)
  • The Billion Hero Campaign (30%)
  • Alternative cryptocurrencies (10%)

An initial 5,000,000 Bond Units have been made available for pre-sale purchase, at an initial price of $1 per unit, with the minimum contribution level $500. All investors must be fully accredited and subject to KYC checks.

 

 


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