Defactor Labs, a decentralized finance (DeFi) lending platform, has announced that it has tokenized Alpha Bonds worth $100 million on the Polygon (MATIC) network. The tokenization will allow small- and medium-sized enterprises to use real-world assets, such as receivables, as collateral. Defactor Labs partnered with law firm CMS to provide legal guidelines and documentation, while Black Manta Capital Partners provided a broker-dealer license and marketplace powered by Tokeny’s ERC-3643 tokenization engine for Alpha Bonds.
ERC-3643 Standard
The ERC-3643 token standard was invented in 2021 by Joachim Lebrun, Tony Malghem, Kevin Thizy, Luc Falempin, and Adam Boudjemaa. It sets a standard for identity registry, storage, and compliance of tokens on regulated exchanges. According to Tokeny, over $28 billion of instruments have been tokenized via the ERC-3643 standard in over 180 jurisdictions.
Alpha Bonds Pilot Testing
Defactor Labs developers claim that over $30 million worth of Alpha Bonds has been transacted during its pilot testing, with $2 million going into project financing. Alejandro Gutierrez, CEO and co-founder of Defactor Labs, said that the tokenization of $100 million worth of bonds allows institutional investors to compliantly access DeFi and provides them with liquidity options in an open network.
Defactor Labs FACTR Token
Defactor Labs’ native token, FACTR, surged 550% after Chinese telecommunications conglomerate Huawei showcased the project on its social channels. The project aims to bridge traditional finance with DeFi, explore the tokenization of real-world assets, and build partnerships with startups and large corporations. Defactor is currently part of the Huawei International Scale-Up Program in Ireland.
Defactor Labs has tokenized $100 million worth of Alpha Bonds on the Polygon network using the ERC-3643 token standard. The tokenization will allow small- and medium-sized enterprises to use real-world assets, such as receivables, as collateral. Defactor Labs aims to allow institutional investors to compliantly access DeFi and provide them with liquidity options in an open network. Defactor Labs’ native token, FACTR, surged 550% after being showcased on Huawei’s social channels.