Babel Finance and FQX Partner to Launch eNote to Enter Bond Market

Babel Finance on Thursday announced the successful issuance of its first secured $USDC note, a move that demonstrates the potential for crypto to enter the $100 trillion global bond market. The note is a global debt instrument based on smart contracts and is offered by blockchain startup FQX on Solana. It is executed through eNote, a blockchain-based debt instrument that can be used for a variety of financing purposes. The transaction was executed using the Fireblocks hosted wallet, with the principal provided by a Swiss investment firm and secured by $SOL denominated smart contract-based collateral.