Blockonomi
TLDR: Smarter Web raised $21M in a Bitcoin convertible bond fully subscribed by TOBAM. The bond offers equity conversion at a 5% premium with Bitcoin-tied repayment protection. TOBAM’s backing reinforces institutional confidence in crypto-backed financial instruments. Deal sets a template for future Bitcoin-linked capital raises in UK financial markets…
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UK’s Smarter Web Locks $21M Bitcoin Bond Deal With TOBAM
Brenda Mary
15:19
TLDR: Smarter Web raised $21M in a Bitcoin convertible bond fully subscribed by TOBAM. The bond offers equity conversion at a 5% premium with Bitcoin-tied repayment protection. TOBAM’s backing reinforces institutional confidence in crypto-backed financial instruments. Deal sets a template for future Bitcoin-linked capital raises in UK financial markets…
