Dubai, United Arab Emirates: INVAO has beaten the market to the punch: The IVO Blockchain Diversified Bond is the world’s first-ever bond issued on the Ethereum blockchain:

  • The IVO ERC-20 token secures investor rights on a blockchain through the use of smart contracts
  • INVAO goes open-source on GitHub, providing full transparency regarding the IVO Bond’s token structure

INVAO has issued the world’s first full-fledged bond on the Ethereum blockchain. The company has completed the Token Generation Event (TGE) for the IVO – Blockchain Diversified Bond (ISIN: LI0471823018), meaning all investor rights included in the securities prospectus accepted by the Financial Market Authority Liechtenstein are now available in the form of an ERC-20 token. That makes the IVO Bond the first bond that lives exclusively on the Ethereum blockchain, with all bond shares being available only in the form of blockchain-based tokens.

The Token Generation Event took place on 27th September 2019 and all units of the IVO Token (IVO) were created on the Ethereum blockchain.[1] INVAO achieved this milestone shortly after the company has raised about half of its STO target volume of 20 million US-dollar.

A new standard for blockchain-based financial products

“Our IVO – Blockchain Diversified Bond does not only grant ownership rights of a traditional Bond. IVO lives on the Ethereum blockchain and is only available in form of a digital token. On the contrary to other blockchain-based bonds, we are the first issuer that does not provide any paper-based bond certificates. Being fully digitized, IVO sets a new standard for blockchain-based financial products,” says Frank Wagner, CEO at INVAO Group.

Ahmed Jacob, CTO and Managing Partner at INVAO in Dubai, comments on INVAO’s impact in the MENA region, “Our mission in Dubai is to contribute to the Emirates Blockchain Strategy 2021. As we believe the tokenization of financial products has enormous potential in the region, we decided to provide the code of the IVO token as well as its smart contracts to the public as open-source software so that other projects may use it as well.” The token structure and its mechanics are permanently accessible at GitHub.[2] Other developers can use the software through a GNU-license for their projects.

The IVO token was programmed on behalf of INVAO Group by Validity Labs in the city of Zug (Switzerland) and audited by MonteLabs in Savosa (Switzerland). The Berlin-based digital asset banking firm Finoa will store the tokens securely on behalf of INVAO and its investors. The company offers a fully digital custody solution for blockchain assets, compliant with all relevant PSD2 and EBICS regulations.

ENDS

For further information and Interview arrangements please contact:

Ayah Mokhalalati
ayah@theprprofessionals.com  

Sam Malik
sam@theprprofessionals.com
+971 55 838 0566
PR@INVAO.ORG 

ABOUT INVAO
INVAO Group is a Blockchain Investment Management company with presence in Berlin, Liechtenstein, and Dubai. With a team of experienced traders, successful entrepreneurs, and investment professionals, INVAO develops tokenized financial securities enabling investors to participate in the growth potential of blockchain technology across various industries.

With its flagship product, the IVO - Blockchain Diversified Bond (ISIN: LI0471823018), INVAO enables investors to access a globally diversified portfolio of blockchain assets represented in one single token, providing a straightforward way to invest in blockchain as an asset class. Deploying AI-based automated trading strategies and active portfolio management, INVAO aims to outperform the market at all times while offering effective downside protection. Trading profits are reinvested in the value of the digital portfolio to ensure sustainable long-term value creation. The Financial Markets Authority Liechtenstein has accepted the IVO Bond’s securities prospectus. For more information, refer to www.invao.org. 

Managing Partner & CTO - Ahmed Jacob

Topics: Middle East focus, advanced technology, entrepreneurship

Entrepreneur and financially focused CTO with a wealth of experience in the Financial and IT

Services industries. Ahmed Jacob is a software engineer with a proven track record of successfully developing and implementing different products and solutions for various companies. Driven by strong technical knowledge and experience in several programming languages and frameworks, he specializes in blockchain and crypto-based product investments and is skilled in project management and investor relations.

www.INVAO.ORG  

[1] https://etherscan.io/address/0xe03df9fda489a405f5db8a919adbc9a1b931a19f#readContract 

[2] https://github.com/invao/smart-contract-validitylabs 

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.