Blockstream Teases Blockchain Bond for El Salvador
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Blockstream Corp, a blockchain-focused company, hinted it might issue a US dollar-denominated bond on a blockchain for El Salvador’s government, Bloomberg reports. Blockstream CSO, Samson Mow, says the company representatives already met with El Salvador government officials. While the officials have not made any decision, they expressed interest, Mow noted.

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"To have it done by a sovereign nation would be the next level up. It would be groundbreaking if this were a path they were to pursue," Mow said.

The Blockstream CSO says the company could issue US dollar bonds via a tokenized security on its own platform called Blockstream Amp. Mow believes that a tokenized security would be more liquid than traditional securities as it operates on a cryptocurrency infrastructure 24/7.

The World Bank Refuses to Help El Salvador on Bitcoin Transition

Blockstream's proposal follows the recent warning from Fitch Ratings, according to which El Salvador's legislation of bitcoin (EXANTE: Bitcoin) as a legal tender might increase risks of violating international anti-money laundering (AML) and terrorist financing standards.

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