Blockchain startup Nivaura has today initiated its first bond denominated exclusively in ether. Built under the regulatory oversight of Britain's Financial Conduct Authority (FCA), the first-of-its-kind instrument was issued by London-based luxury retail startup LuxDeco and created with the help of industry leaders to give the company a new way to raise capital for short-term seasonal demand.
But what's truly disruptive about the issuance isn't the use of cryptocurrency, rather it's that the bond will be cleared, settled and registered on the public ethereum blockchain. With a relatively short lifecycle of only one week, the bond is also part of a larger experiment to see if removing financial middlemen can make such investment vehicles more accessible to small businesses on a massive scale.
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