The world's first Bitcoin bond settled in BTC is officially launched.

Two European financial companies will collaborate to launch the world's first bitcoin bond, which can be traded through the Bloomberg Terminal.

The securities firm Argento, based in Luxembourg, has partnered with the London Block Exchange (LBX) to issue Bitcoin-denominated bonds. These bonds will be regulated by the Financial Conduct Authority (FCA) in the United Kingdom.

The Bitcoin bonds launched by Argento-LBX are the first regulated crypto product, thus alleviating legal risks for investors. They can be traded via Bloomberg Terminal and are also the world's first crypto product with an International Securities Identification Number (ISIN).

Many large investment banks have really shied away from such projects, and we are thrilled to be organizing and building the world's first institutionally-grade financial product denominated in Bitcoin.

Argento manager Phil Millo stated.

According to reports, the institution has introduced Bitcoin bonds with different maturities named after specific phenomena in the crypto sphere such as "FOMO," "HODL," and "MOON." LBX has indicated that HODLers will be one of the key target markets for these bonds.

LBX CEO Benjamin Davies mentioned:

For those holding Bitcoin and not planning to sell for the next few years, this is a fantastic product. They can now systematically grow their assets without exposing their Bitcoin to traditional fiat volatility.

On the same day of the press release, Arthur Hayes, CEO of derivatives exchange BitMEX, revealed during his speech at the Asia Blockchain Summit (ABS) in Taiwan that they will be launching "Bitcoin zero-coupon bonds," leading to the development of more Bitcoin financial products.

Further Reading

• Blockchain Critic Dr. Nouriel: Cryptocurrencies are "shitcoin"
• Billionaire Michael Novogratz: I won't sell Bitcoin at $14,000, it will go higher

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