LCX to Issue Blockchain Powered Euro Bond

LCX says it will become the first company in the crypto industry to issue a tokenized bond that generates a fixed yield for investors. The blockchain-powered “EURt7 tokenized bond” has been approved by the securities regulator in Liechtenstein and is thus available across all EU member states/EEA countries.

Founded in 2018, LCX is the Liechtenstein Crypto-assets Exchange operating under the Liechtenstein blockchain regulation.

LCX reports that at the beginning of this month (February 1, 2023), it was approved by the Financial Market Authority Liechtenstein to issue a €10 million bond.

The prospectus has been passported across all countries in the European Economic Area (EEA), including Austria, Belgium, Bulgaria, Croatia, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and Czech Republic.

LCX explains that the digital bond is part of a new product category called LCX Earn.

The first offering is the EURt7 tokenized bond which is issued by LCX AG is offering a fixed coupon of 7% per annum with a minimum investment of €1000. The EURt7 tokenized bond will be available on the LCX platform on March 1st, 2023.  Additional details were not immediately available.


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