TechFlow News, June 6 — DeFi lending platform Defactor Labs announced the tokenization of a $100 million Alpha bond using the ERC-3643 token standard. The tokenized bond operates on the Polygon network and will be used to provide loans to small and medium-sized enterprises (SMEs) that use real-world assets, such as accounts receivable, as collateral.
ERC-3643 is a token standard developed in 2021 by Joachim Lebrun, Tony Malghem, Kevin Thizy, Luc Falempin, and Adam Boudjemaa, which establishes standards for identity registration, storage, and token compliance on regulated exchanges.
Alejandro Gutierrez, CEO and co-founder of Defactor Labs, commented: "By leveraging the ERC-3643 standard to tokenize a $100 million bond, Defactor Labs not only enables institutional investors to access DeFi in a compliant manner but also provides them with liquidity options within an open network."
