10 August 2023

Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx

The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the...

Crypto App Ejara Announces Tokenized Treasury Bonds To Be Deployed On The Tezos Blockchain

Ejara is about to offer its users the possibility to invest in government bonds, something that was not feasible for the average investor until now.

Ejara Announces Tokenized Treasury Bonds

Ejara is a blockchain-based mobile investment platform that enables users to securely buy, sell, exchange, and store their crypto investments. 

Even though there has been no marketing budget deployed so far, Ejara has seen healthy growth since they started about a year ago. The app currently has over 8,000 users from Cameroon, Ivory Coast, Burkina Faso, Mali, Guinea, and Senegal. 

Ejara is about to offer its users the possibility to invest in government bonds. Something that was not feasible for the average investor until now

“While the purchase of government bonds today represents a low-risk, high-return opportunity, access to these financial products remains difficult for individuals.

This reality is more noticable in the CEMAC zone where individuals hold only 1% of the outstanding debts in circulation against 80% for banks“. 

Ejara makes it possible for anyone, including the low-income population, to access a market that is traditionally inaccessible for the average investor.

Bonds are fractionalized as tokens and can be bought in low-value quantities.

“The treasury bonds are backed by the Central bank but each one is worth 15$ or 1500$ and usually you have to buy at least 150,000$ to even get a chance to enter this market.

We are tokenizing it in fractions of 1.5$ to enable mainstream access.” – Nelly Chatue Diop (CEO and Co-Founder of Ejara)

Tezos blockchain

The large value bonds are tokenized and fractionalized on the Tezos blockchain. That means that a single bond can be divided into several tokens.

This way a bond of 100USD for example, can be sold as 100 tokens of 1USD.

Since this is done on the Tezos blockchain, everything can be registered and all regulations necessary can be enforced through fixed restrictions that are included in the smart contracts involved.

Basically, this is how it works:

1) Ejara as a company, bought Treasury Bonds through a regulated Asset management entity on the market.

2) These sovereign bonds are guaranteed by the local central bank (For example the Bank of Central African States, the BEAC).

3) Ejara tokenized these Bonds on Tezos Blockchain.

After this process has been completed, small fractions of Treasury Bonds can be traded.

Buying and selling small value tokens can be simply done on the Tezos blockchain, because transaction costs are minimal.

The Tezos blockchain is slowly but surely revolutionizing the blockchain industry by achieving goals such as low transaction costs, high transaction speed, and the capacity to scale towards high amounts in transaction capacity. All without the need to sacrifice decentralization.

No dev backdoors through multi-sig access to protocol level code, no limited number of nodes or selection of nodes, pure decentralization. Tezos is the perfect blockchain to deploy these types of financial products on.

Upload Article

Complete the submission form, which includes fields for your name, contact information, a short author bio, and the title of your article. Submit your Word document as a word doc file. If you encounter any issues during the submission process, please contact our support team for assistance at [email protected]. We encourage all aspiring contributors to read and understand our submission guidelines and editorial policy before submitting.

Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Banner Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Accepted file types: pdf, doc, docx, Max. file size: 128 MB.
Submit Article: Suitable Formats = PDF, WORD
By Uploading an article, you are accepting all to all copyright and information that is to the best of your knowledge true and accurate.

Other News

View More
22 September 2023

CEERTIF: Real-time File Certification via Tezos Blockchain for Construction and Insurance Professionals

CEERTIF, a mobile application for installers, agents, and insurers in France, has introduced a groundbreaking platform that leverages the TEZOS blockchain to secure and geolocate media in real time.

Read More
19 September 2023

La Poste’s NFTimbre Stamp Powered By Tezos Sees Launch Day Sale Success

An initial 100,000 NFT stamps were for sale, at this point over 18,200 have been sold, including 13,050 NFTs sold in less than 4 hours, equating to over €145,000 in sales since launch yesterday.

Read More
17 September 2023

Tezos Teams Integrate MetaMask into the Tezos Ecosystem through a Custom Snap

In a recent integration, teams within the Tezos ecosystem have enabled more than 30 million MetaMask users to connect to the Tezos blockchain. This collaboration expands the utility of MetaMask, one of the most popular digital asset wallets, to encompass the Tezos blockchain.

Read More

Subscribe to weekly tezos news

Join The XTZ. News Newsletter To Receive The Latest Tezos
News And Interviews.

Subscribe To Weekly Tezos Token Prices

Join the Tezos Token Price newsletter to receive the latest Tezos token prices on a weekly basis.