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Fineqia International Inc. today announced that its subsidiary Fineqia Limited has partnered with Nivaura Limited for the opening of tokenised bonds in the United Kingdom.
The two companies will work together to launch the issuance and administration of fully automated tokenized bonds on the Nivaura white capital market platform.
Use of Ethereum offers for bonds
Fully automated bonds will be recorded and deleted on the Ethereum public blockchain.
Tokenized bonds will be a test for the issuing of asset-backed encrypted bonds.
Fineqia Limited has to take the test as part of the UK FCA (Financial Conduct Authority) sandbox regulatory program, which was announced in July last year.
The program accepted 29 of the 69 questions that met the FCA criteria.
It is expected to take place in the first quarter of this year and the results will also be available in the first quarter.
The offer will allow the holders of encryption to borrow funds in fiat through the issuance of bonds guaranteed by active crypts.
The product has appealed to institutional investors, such as funds, exchanges and miners who require liquidity, but who prefer not to participate in their cryptocurrency investments.
Use of Nivaura technology to issue bonds
Nivaura's technology will play a crucial role in the launch of these tokenised bonds for institutional investors.
These nominal convertible bonds will be made available for fixed durations and coupons.
Bundeep Singh Rangar, CEO of Fineqia commented on the partnership, saying:
"Nivaura's advanced technology is a key factor in the efficiency of the life cycle of financial transactions and that's why we chose to invest in the company last year, providing the Fineqia platform with a simple flow of transaction management work with a blockchain-based registration and asset compensation solution. "
Fineqia invested in Nivaura in January 2018 and holds a minority shareholding in the company.
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