As the ERC 3475 pioneer startup, Debond Protocol introduces industry leaders behind its vision of building a Web 3 infrastructure for decentralised bonds
Paris, France – 01 March, 2022 – Ahead of its initial DEX offering (IDO) slated for June, the Debond Protocol project that seeks to bring traditional bonds to the blockchain space using a pioneered ERC 3475 token standard, has today unveiled its advisors.
The list includes industry leaders like Ivan Miskovic, an investment professional at a founder-led global VC firm TGE Capital with an exclusive focus on the Web 3; Sita Shopra of CVVC AG, a Swiss incubator and early-stage venture capital investor; Karl-Martin Ahrend, private equity at The Blackstone Group; and Abdelmounaim Derraz, an applied mathematics engineer with expertise in strategic/central decision-making processes and investing in promising projects.
Others are Stephane Marrache of the leading French provider of brokerage and custodian services for crypto-assets, Coinhouse; Abdullah Jadoon, a seasoned engineer and analyst; Alexis Sheikh, private wealth and asset manager specializing in finance, hedge funds, private equity, startups, and sales; Jason Hung, co-founder of the International Consensus Association; Rasheed Saleuddin, a crypto researcher, angel investor and an academic; and Erfan Isaac, a blockchain/Fintech consultant, and angel investor.
The advisors’ introduction comes off the back of a successful seed funding round in which prominent investors participated to raise $500,000 and raised Debond Protocol’s valuation to $12.5 million. Led by Bixin Ventures, other participants in the first round of funding include Spark Digital Capital, Collinstar Capital, Exnetwork Capital, HOT DAO (Hotlabs), Waterdrip Capital, Lotus Capital, Crypto Dorm Fund, and Wave Capital.
Decentralized finance (DeFi) is still in its early stages of development with room for mass adoption and acceptance. Yet, the next era of Web 3 boasts of a promising future for creativity and collaboration. The ERC 3475 token standard seeks to establish an alternative financial ecosystem to support bonds and derivatives secondary market which is practically new in DeFi due to the lack of a capable infrastructure that handles such complex data structures, the advisors identify with Debond Protocol’s approach to offer decentralized bonds.
The co-founder of Debond Protocol, Yohji S., says:
“Our new ERC 3475 token standard seeks to address some issues in the traditional derivative and bonds markets – make them more transparent and accessible to retail investors, reduce intermediaries in the current processes of issuing and transacting bonds, and make the processes faster and less expensive. We appreciate our advisors’ decision to contribute their knowledge to move the idea of Debond Protocol pioneering a shift to make trading decentralized bonds easier by tapping the strength of distributed ledger technology. Their support could not have come at a better time than this. We believe Debond can be an important player in the decentralization of this market with huge potential particularly as we expect an upgrade in the current yield farming system to bring more changes, possibilities, and believers to the DeFi system. We count on their inputs to improve on Debond Protocol’s vision.”
An Alpha demo of how users can convert digital assets to securities or derivatives to make them tradable and for hedging is available on Github – https://palexs.github.io/debondfront (please connect the wallet to Ropsten testnet).
About Debond Protocol
Debond Protocol is the Web 3 infrastructure pioneering the ERC 3475 token standard for decentralized bonds. Aside from the token standard, the project is also an open-ended platform by design. It will function as a decentralized investment bank by issuing bonds for its customers and providing customized derivatives to hedge against risks. The Paris-based startup also provides Debond wallet, decentralized bond exchange, and an open and functional market for securities as part of its ecosystem.
Media Contact
Company Name: Debond Protocol
Contact Person: Media/PR Manager
Email: Send Email
Phone: +33 626570614
Country: France
Website: https://debond.net/
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