Writing on tokenized bonds.

Designing a pool standard for tokenized bonds
A tokenized bond needs a market its bond never had: one price with the interest inside it and quoted continuously. This is how our pools do that today, non-custodial on Gnosis Safe and Zodiac Roles, minimally operated and carried by free-market arbitrage.

Basket Bond Tokens, explained: Construction, pricing, lifecycle, and where they go
What a basket Bond Token is, how each token is built at mint with equal dollars per bond, why its price is a harmonic mean, how it is priced every day from the bond market's own quotes, how coupons,…

The Reinvestment Vault: How coupons become more bonds
Coupons are the whole point of a bond and the one thing DeFi cannot handle. The Reinvestment Vault keeps the Bond Token a full bond underneath and puts a clean, compounding ERC-20 share on top:…

Introducing the Redemption Vault: From request to cash
A Bond Token keeps everything a bond does, so its exit has to handle everything a bond does. The Redemption Vault gathers exits of any size into one real bond sale through the regulated custody…

Introducing v3: Every change to the Bondi core, and why
Bondi v3 is built on the v2 contracts and closes the gap between a token that pays coupons and a bond: calls, amortizations, a supply that grows, fees taken onchain, proceeds that never pass through…

Bondi v2: Composable, fungible, verifiable
Our first offering (v1) fully matured in June 2025 on Base. We paid the final coupon along the principal onchain, delivering a 9.98% APR. v1 remains backward-compatible: if you haven’t claimed yet,…

Rating Report for Vanke Real Estate (Hong Kong) Company Ltd
Vanke Co., Ltd., a leading Chinese real estate developer, has shown resilience amid the nation’s property market downturn. However, the company faces significant challenges, including substantial…

Rating Report for Global Logistic Properties
Global Logistic Properties (GLP), a leader in logistics real estate, is the issuer of the bond under ISIN XS1242348164 , which is the underlying bond for our first Bond Token offering, btGLP. This…

The Advantages of USD Denominated Bonds for Companies
The world is becoming increasingly interconnected. Capital is abundant globally, and the importance of tapping foreign capital cannot be overstated.

The Role of Foreign Investors in Strengthening Capital Markets
One of the main characteristics of our age is the globalization and democratization of financial markets, enabling investors to invest in security markets from an ocean away. This article discusses…

Current State of Corporate Bonds
Discover why emerging market corporate bonds are the standout investment opportunity in 2024. Learn about their higher yields, lower default rates, and how Bondi Finance is democratizing access…

What Makes Corporate Bonds So Important?
Corporate bonds play a vital role in maintaining a healthy financial environment. They provide firms with much-needed liquidity and offer both retail and institutional investors a relatively safe…

Market Structure and Financial Depth Disparities Among Countries
From the dawn of history until the modern era, productivity growth barely surpassed population growth. Kings and emperors could only expand their land and wealth at the expense of either their…

Unlocking Retail Potential
Democratizing financial markets means opening their potential to every day investors. Retail investors had been stuck between equity investments and low-yield savings accounts due to difficulty…

Financial Inclusion and the Role of Tokenized Bonds
When retail investors are provided with the tools of financial inclusion, they provide invaluable liquidity to debt markets and become a key driver of economic development. Tokenization is a great…

Funding Phase & Loyalty Program
We are excited to introduce our Loyalty Program, which will grant early adopters a special 5% allocation in the upcoming Bondi token generation event (TGE). Loyalty means a lot to us, and we are…

Exploring the Bond Market
Deep capital markets are essential for a country's prosperity, distinguishing advanced economies from emerging ones. The governments and businesses utilize debt markets for their funding needs: to…