LCX AG is launching a blockchain bond worth 10 million euros. Investors can participate in the bond deal with an investment from as little of 1,000 euros. The financial product from the regulated blockchain company based in Vaduz offers an interest rate of 7 percent over a maximum term of seven years.

LCX is launching a fixed rate blockchain bond with a volume of 10 million euros for small investors. The quarterly callable bond with a term to maturity of seven years has an interest rate of 7 percent, according to a press release issued by the regulated blockchain company based in Vaduz. The financial product, which has been explicitly approved for small investors by the financial supervisory authority in Liechtenstein, is available to investors resident in the European Economic Area. LCX plans to start the placement in Liechtenstein and 29 other European countries on March 1.

LCX has nine Financial Market Authority registrations related to the Liechtenstein Blockchain Act. The company was only authorized in December last year to tokenize items such as diamonds in the form of non-fungible tokens (NFTs) or crypto tokens, further details of which can be found in the press release.

Monty Metzger, CEO of LCX, discusses the digitization of the financial sector in his latest book entitled “Blockchain Banking: The Future of Money and Finance”. “By digitizing financial instruments, we create great added value and reduce issuance costs”, Metzger explains in the press release, before adding: “The benefits of tokenization and automation for both issuers and investors are quickly becoming apparent, because in contrast to traditional listed bonds or other financial products, there are no middlemen”. Metzger said his company initially opted to issue a simple bond to give investors a chance to become familiar with digital assets.

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