In a significant development reflecting the acceleration toward digital finance, Smarter Web, listed in the UK, launched a new issue of fully Bitcoin-denominated convertible bonds, marking one of the first attempts to move away from the dollar in the institutional finance market.
⚡ What are "Smarter Convert Bonds"?
The new bonds, named "Smarter Convert," are valued at approximately $21 million and were launched in collaboration with the French investment company TOBAM. These bonds allow investors to invest using Bitcoin instead of traditional currencies and later receive shares in Smarter Web.
📌 Why is this step important?
This step is a unique precedent in the world of digital finance, merging traditional financing with digital assets.
The bonds offer investors an exceptional option to convert the bonds into shares in the company upon maturity.
This step also represents a means to attract smart capital and flexible financing in global markets.
💰 Who bought the bonds?
TOBAM purchased the first tranche of these bonds in full for $21 million, demonstrating the confidence of major investment institutions in this new type of financing.
📊 What are Smarter Web's plans?
The company plans to issue more Bitcoin bonds, taking advantage of attractive market prices to attract additional investors, as part of its strategy to diversify capital and move away from traditional reliance on the dollar.
🟢 What makes these bonds special?
Zero-coupon bonds
Gives the holder the right to redeem 98% of the nominal value
Fully denominated in Bitcoin
Convertible to company shares later
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✅ Summary:
#notcoin #BuiltonSolayer #IPOWave #BinanceHODLerPROVE #CFTCCryptoSprint
Issuing Bitcoin-denominated bonds that are convertible to shares represents a radical shift in how companies think about financing. This trend suggests a possible beginning of the decline of dollar dominance in some transactions, opening the door for Bitcoin to become an official financial asset.
If these initiatives continue and succeed, we may witness a new era of hybrid financing that combines digital assets and the traditional infrastructure of financial markets.
