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Muneeb Ali, CEO at Trust Machines, reports that in 49 blocks, the first-ever protocol bonds will be issued onchain for bitcoin.
He adds that the starting "fed rate" for BTC yield is 3%, highlighting a new chapter for bitcoin capital markets.
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Muneeb Ali has previously addressed technical risks in the ecosystem, attributing the Liquid 4,000 BTC hack to an Elements software bug. He also highlighted the launch of the Stacks genesis bond at Bitcoin block 966,350, enabling 400 million STX in staking power. These developments outline Ali’s ongoing involvement in both security and new protocol launches within the Bitcoin ecosystem.