BermudAir (2T, Bermuda) has deployed an “innovative funding approach” to raise USD1 million via a tokenised bond issuance executed on the Obligate on-chain capital markets platform, saying it is the first airline to use fintech to raise capital. The issue was conducted in conjunction with global digital assets and cryptofinance firm XBTO Group.

“The funding needs of our business are rapidly evolving,” said Adam Scott, founder and CEO of BermudAir. “Having this kind of innovative financing in the range of available…

Source: ch aviation
Read more: BermudAir raises mn via fintech to fund expansion