LABRYS are building the platform to radically change the way individuals and institutions invest in bonds. Built on Ethereum, the Labrys Platform will utilise the benefits of blockchain to forge the most efficient investment gateway to the worlds' largest market, the global debt-capital market. Through the advent of cryptographically secure yet transparent digital tokens, it is now possible to completely digitise and eliminate middlemen by creating tokenized bonds using smart-contracts (smart bonds), establishing a direct relationship between bond issuer and investor. The Labrys Platform will be utilised by companies to issue smart bonds where investors will obtain ownership and receive regular interest payments through the client-controlled Labrys Wallet.
The Labrys Wallet is the tool to gain ownership of blockchain based bonds. It is the gateway to all communication with the underlying Ethereum smart contracts, which secure the investments. Users will manage their own bond portfolio from within the Wallet which includes the buying and selling of bonds and collection of interest payments.
Representing bonds using cryptographic blockchain tokens allows for process automation and efficiency at scales never witnessed before. It becomes possible to remove multiple intermediaries along the journey a bond makes from issuing entity to purchaser (investor). As each of these intermediaries must take a small percentage cut along the way, the investor ends up paying high premiums to purchase these bonds while the issuer is subject to unnecessarily long processing times.
By tokenizing bonds, Labrys are able to provide the following benefits:
The Labrys platform provides value to three types of investors: