Currency.com, a global exchange website announces that it will soon add a tokenized form of Belarussian government bonds on its platform, in a press release on May 7.
As per the release, the users could use fiat money or cryptocurrencies bitcoin (BTC) and ether (ETH) to invest and trade in Belarussian government bonds. Reportedly, Currency.Com Bel LLC is the first organization to tokenize government bonds.’ The Belarussian-based company introduced its tokenized securities exchange to the public, just a few days ago.
Similar to the trade of cryptocurrencies such as bitcoin, investors could purchase fractional amounts of the new token. initially, these tokens will be offered on the exchange at $1,000 per token. A token will represent one bond and initially, 252 bonds with a 4.2% per anuum yield will be introduced to the exchange.
Viktor Prokopenya, Co-Founder of Currency.com, credits Decree No. 8 for the development. As per Prokopenya, this piece of Belarussian legislation in 2018 provided clear guidelines for the blockchain industry. Prokopenya said:
“All this was made possible by the progressive Decree No. 8 ‘On the Development of a Digital Economy’ that was ratified in Belarus in 2018, affirming the country’s commitment to playing a big role in the next chapter of the technological revolution.”
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