Project Overview:
BondXchange is a decentralized platform designed to issue tokenized bonds, specifically for sovereign entities (e.g., Federal Government of Nigeria). The platform will enable governments to issue bonds, tokenize them into fractional units, and offer them for trading in the secondary market. BondXchange will integrate smart contracts for automated interest (coupon) payments, principal repayments at maturity, and ensure compliance through KYC/AML verification.
Project Scope:
The goal of this project is to develop the BondXchange platform with the following key components:
- Bond Issuance Module: Where the government or issuer can create bonds, define terms, and tokenize them into fractional units.
- Smart Contract Development: Automated smart contracts to handle bond issuance, interest payments, maturity repayments, and other conditions.
- Tokenization: Tokenize bond values (e.g., $10 billion bonds with $1 token units), and manage transferability through secure wallets.
- KYC/AML Compliance: Ensure user compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.
- Trading Platform: A decentralized or centralized exchange where investors can trade bond tokens.
- Payment and Redemption: Automated USD or stablecoin payments for coupon payments and principal repayment at maturity.
- User Interface (UI/UX): Develop user-friendly interfaces for issuers, investors, and traders.
See further details in the attached document