Bermuda Air BermudAir Closes $1 Million Fundraising Through Tokenized Bond Issue on Polygon Chain
Bermuda airline BermudAir has completed a $1 million fundraising via a tokenized bond offering on Polygon's Obligate on-chain capital markets platform, with the 15-month bond reportedly offering investors a 15% annualized rate of return.BermudAir is also the first airline to use fintech to raise capital, with all payments for the fundraising made in USDC, and the offering was made in conjunction with XBTO Group, a global digital asset and crypto-finance firm.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Galaxy Digital transfers 2.9 million ASTER to OTC wallet
Opinion: The market predicts an 82.3% probability that Lighter's FDV will exceed 2 billions USD
Data: Galaxy Digital transfers 2.9 million ASTER from custodial wallet to OTC wallet