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World’s 1st Genuine Bitcoin [BTC] Bond To Own Its ISIN Code Launched.

In line with a recent official joint press release published, two renowned European firms have conjointly launched what they describe as the world’s 1st genuine Bitcoin [BTC] bond.

Luxembourg-based Argento, a securitization firm, collaborated with the London Block Exchange [LBX] to issue the bitcoin-denominated bond, that is regulated underneath the United Kingdom’s regulator, the FCA [Financial Conduct Authority].

“We are excited to have structured and made the world’s 1st institutional grade BTC-denominated monetary product,” Argento manager named ‘Phil Millo’ added. 

“The leading investment banks actually dropped the ball on this one.”

The Argento-LBX bond represents a primary in regulated ‘cryptocurrency‘ products, therein it contains no fiat exposure for investors. It’s available via Bloomberg Terminal, and is the 1st cryptocurrency based product to own its own ISIN code. 

Various durations are available, Argento prominently naming them after cryptocurrency-specific phenomena like ‘FOMO,’ ‘HODL’ and ‘MOON.’

HODLers, LBX says, form one amongst the bond’s major target markets.

“This is a superb product for people that presently hold bitcoin and aren’t planning to sell it, following a few years…,” CEO ‘Benjamin Davies’ added.

“Now, for the very first time, they have an institutional grade way of making their wallets grow while not exposing their bitcoin to the swings of the traditional ‘fiat’ currency markets.”

Earlier also, the governments of many developing nations had ‘told‘ the IMF [International Monetary Fund] that they were keen on supplying bonds tied to Bitcoin [BTC].

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