The company aims to bring corporate bonds to blockchain rails, which could have averted a similar credit meltdown to what happened in crypto in 2022, CEO and co-founder Max Boonen said in an interview.
Betting against an invasion on the prediction market may yield almost 8x as much as Taiwan government bonds. Plus: Mideast turmoil barely changes U.S. presidential odds.
SocGen said tokenized bonds provide greater transparency and traceability, as well as speedier transactions and settlements.
“You have people talking about bitcoins, about equity, being the safe asset,” El-Erian told CNBC.
The company is targeting the second-largest and most liquid bond market in LatAm.
The crypto is on track for gains on Friday despite bearish U.S. jobs numbers which initially sent it down nearly 2%.
Investment research firm ByteTree upgraded bitcoin’s price outlook to “bull” from “neutral” as the crypto benefits as a “safe haven” amid an equity and bond sell-off.