Introduction
Bondi is a tokenization platform that brings USD-denominated, publicly traded corporate bonds onchain as ERC-20 Bond Tokens. These tokens are issued through a segregated account structure in Bermuda—under a DABA Class M regulatory framework—and are backed 1:1 by the underlying bonds held in custody regulated custodians.
Bondi provides a compliant, transparent, and fully onchain interface to global fixed-income markets. Investors gain access to real corporate yield, delivered through programmable stablecoin distributions, while benefiting from blockchain-native settlement, transferability, and liquidity.
Why Bondi Exists
Traditional fixed-income markets remain slow, permissioned, and operationally fragmented. Settlement delays, high minimum allocations, and restricted access prevent most investors—both retail and institutional—from allocating efficiently to corporate bonds.
At the same time, the crypto ecosystem lacks stable, yield-bearing instruments backed by uncorrelated assets. Tokenized treasuries exist, but often provide limited returns. DeFi yields fluctuate with market cycles and carry smart-contract or counterparty risk.
Bondi bridges these gaps by enabling investors to access onchain corporate bonds with institutional infrastructure and transparent custody.
What Bondi Offers
1. Onchain Corporate Bonds
Bondi tokenizes any USD-denominated, publicly traded bond—investment grade, high yield, emerging markets, or structured notes. All bonds are held inside a regulated segregated account and fully collateralized.
2. Regulated Digital Assets
Bond Tokens are issued under a DABA Class M license and governed by the Bermuda Segregated Accounts Companies Act. Holders receive a direct, limited-recourse claim to the underlying assets.
3. Transparent Custody Pipeline
Funds move from the investor’s wallet into an onchain funding contract. Once the funding is completed, the underlying bonds are purchased through Bondi’s regulated brokerage and held in a segregated custody account. Trade confirmations and position statements are published to IPFS and attached onchain.
4. Programmable Distributions
Coupons and principal payments flow back onchain in stablecoins and are distributed automatically to KYC-approved wallets. Non-KYC holders accumulate claimable balances until verification.
5. Multi-Chain Support
Bondi operates across Base, Mantle, Plume, Injective and any EVM chain. Funding, minting, trading, and claiming can occur natively on each network.
Why Tokenized Bonds
Tokenization improves fixed-income markets by:
• Increasing Accessibility
Fractional ownership removes traditional $100k+ minimums and enables smaller tickets, better capital efficiency, and broader participation.
• Enhancing Liquidity
Onchain markets run continuously, enabling tighter spreads, faster execution, and instant settlement.
• Improving Transparency
Every transfer, distribution, and document reference is visible onchain, eliminating opaque brokerage layers.
• Reducing Operational Friction
Smart contracts automate issuance, interest payments, redemption flows, and documentation, minimizing manual errors.
• Expanding DeFi Composability
Bond Tokens can plug into protocols, vaults, treasuries, automated strategies, structured products, and yield markets.