Bermuda Air BermudAir Closes $1 Million Fundraising Through Tokenized Bond Issue on Polygon Chain
Bermuda airline BermudAir has completed a $1 million fundraising via a tokenized bond offering on Polygon's Obligate on-chain capital markets platform, with the 15-month bond reportedly offering investors a 15% annualized rate of return.BermudAir is also the first airline to use fintech to raise capital, with all payments for the fundraising made in USDC, and the offering was made in conjunction with XBTO Group, a global digital asset and crypto-finance firm.
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