Decentralized finance (DeFi) lending platform Defactor Labs said on June 6 that it tokenized $100 million worth of alpha bonds using the ERC-3643 token standard. Tokenized bonds on Polygon Network, which will be lent to small and medium-sized businesses using real- world assets such as accounts receivable as collateral.
Defactor Labs partnered with law firm CMS to provide legal guidance and documentation, and chose Luxembourg as the jurisdiction for the tool. Meanwhile, Black Manta Capital Partners provided Alpha Bonds with a broker-dealer license and marketplace powered by Tokeny's ERC- 3643 tokenization engine. Invented in 2021 by Joachim Lebrun, Tony Malghem, Kevin Thizy, Luc Falempin and Adam Boudjemaa, ERC-3643 sets the standard for identity registration, storage and token compliance on regulated exchanges. According to Tokeny, more than $28 billion in instruments have been tokenized via the ERC-3643 standard in more than 180 jurisdictions. Defactor Labs developers claim to have traded more than $30 million worth of alpha bonds during its pilot testing period, with $2 million of that used to finance the project. Alejandro Gutierrez,CEO and co-founder of Defactor Labs, commented:
“By tokenizing $100 million worth of bonds utilizing the ERC3643 standard, Defactor Labs aims not only to give institutional investors compliant access to DeFi, but also to provide them with liquidity options in the open network.”
Defactor Labs' native token, FACTR, surged 550% shortly after Chinese telecom conglomerate Huawei showcased the project on its social channels. Gutierrez said in a 30-second video that the project aims to connect traditional finance with DeFi, exp lore the tokenization of real- world assets, and create partnerships with startups and large corporations. Defactor is currently part of Huawei Ireland's international expansion plan.
