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Babel Finance Used Collateralized eNote on FQX’s Solana dApp via Fireblocks

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Disclaimer: The text below is a press release that was not written by Cryptonews.com.Zurich, Switzerland, 19th May, 2022, ChainwireBabel Finance, a leading global crypto financial services provider, announced today that it has successfully issued the first collateralised USDC note via eNotesTM, a smart contract-based global debt instrument, provided by blockchain start-up FQX AG on their Solana environment.The transaction was executed using a Fireblocks custody wallet.

The principal was provided by a Swiss investment firm and secured with smart contract-based collateral denominated in SOL. For the delivery-versus-payment as well as for the collateral management, FQX’s decentralised escrow programs were used.

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