Skip to content
Buzz Blockchain
Menu
  • Home
  • Bitcoin
  • Ethereum
  • News
  • Currency
  • Blockchain
  • Interview
  • Press Release
Menu
Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

Posted on January 16, 2023

Vaduz, Liechtenstein. Decentralized Finance Innovator Mimo is launching “KUMA Protocol”: the first DeFi protocol issuing tokens backed by regulated NFTs, themselves backed by sovereign bonds. This launch comes as the FMA (Financial Market Authority Liechtenstein) has approved Mimo for providing blockchain-related services since January 2022.

KUMA tokens, built as a smart contract compatible with most blockchains, are designed to provide holders with a reliable source of passive income through the accrual of interest on their holdings.

KUMA Tokens are NFTs representing bonds that KUMA Generator (a decentralized product owned by KUMA DAO and governed by the MIMO tokenholders) can accept as a backing to issue KUMA Interest-Bearing Tokens, a form of synthetic stablecoins that automatically accrue interest. The balance of these tokens grows in users’ wallets without any action required, matching the interest rate paid by the bond backing them, minus commission. Apart from the interest, the tokens behave like regular stablecoins, allowing them to be integrated freely into the broader crypto ecosystem, like DeFi, GameFi, and NFTs platforms.

The launch of this protocol also has the potential to revolutionize the way bondholders receive interest. Traditional bonds typically pay out interest semi-annually, annually, or even when reaching maturation. However, because KUMA Interest-Bearing Tokens use smart contracts, interest can be paid out to holders regularly, every 4 hours by default, providing a more consistent income stream for investors while not involving any claim process.

In the background, Mimo Capital AG handles the bonds and offers simple redemption to the users. Moreover, a smart contract managed by the KUMA DAO provides infrastructure for its community to swap or roll the NFT bonds over, ensuring smooth operation when a bond reaches its maturity date or the issuing authority publishes an updated rate.

To date, a few other efforts of bond tokenization have started. However, Mimo has the advantage of being the first regulated in the European Economic Area (EEA), providing tokens allowing its users to earn interest while benefiting from the safety of their favorite custody solution and the peace of mind coming with a fully regulated product.

Furthermore, KUMA DAO’s approach naturally provides fractionalized access to the benefits of bonds, lowering the entry barrier to investment and opening the door to 24/7 settlement, trading, and global liquidity. Example applications include savings accounts, protocol treasuries, and individual wallets.

Following the tokenization of sovereign bonds, Mimo will leverage KUMA to provide other assets, such as corporate debt and funds.

So far, all of the Mimo partners, including Polygon, Fantom, Swissborg, SingularityDAO and Akt.io have indicated their intention to use KUMA.

“We are thrilled to offer our users a new way to earn passive income through tokenized bonds,” said Claude Eguienta, Founder and CEO of Mimo Capital. “With this innovative mechanism and backed by a diverse range of real-world assets, we believe that interest-bearing tokens are poised to become a leading tool in the Decentralized Finance space.”

To learn more about Mimo and the KUMA Protocol, visit https://mimo.capital & https://kuma.bond

About Mimo

Mimo is a leading blockchain company that built a multichain DeFi protocol providing a Decentralized & Multichain Euro Stablecoin and developing Blockchain Powered Financial Products. With a focus on user-friendliness and accessibility, Mimo is committed to bringing the benefits of decentralized finance to a broader audience, including business and retail investors.

MEDIA CONTACT:

Mimo Capital
Name: Yacine Farouk, CMO
Email:  [email protected]
Website: www.mimo.capital
Country: Liechtenstein
City: Vaduz

Recent Posts

  • Connect and the WIN Blockchain Launch the World’s First Social Impact Platform with Learn2Earn Integration
  • Farm-to-Table Restaurant Now Accepting GROW Tokens
  • RENO/USDC Concentrated Liquidity Pool Is Live on Raydium!
  • Alaxio’s Multichain Strategy: Ethereum, BNB, Solana Compatibility
  • How Alaxio Is Collaborating with Global Developers to Build the Future of Web3 Finance
  • $UR Token Explained: The Engine Behind URSWAP’s Cross-Chain Ecosystem
  • Can BILLY, the Meme Coin Known by the Entire Pump.fun Community, Reach $1?
  • Atua AI Updates Workflow Logic to Support Expanding Business Demands
  • Agent 47: The AI-Powered Meme Assassin Leading Web3 into a New Era
  • NoBrainZ ($ZIZI): The Meme Coin Revolution with Real Utility and AI-Powered Trading Tools
  • Atua AI Improves Grok Integration for Real-Time Cryptocurrency Optimization
  • Moonchain’s IHO Web3 Revolution: Free Hardware That’s Redefining Crypto
  • Atua AI Leverages DeepSeek R1 to Advance Intelligent Multichain Systems
  • Colle AI Integrates Grok AI for Automated NFT Deployment Across Chains
  • AGII Deploys Smart Detection Models for On-Chain Infrastructure Resilience
  • X-FLEXI Wins Global Blockchain Technology Innovation Award, Pioneering in a New Paradigm In Smart Grid Trading
  • Jason Eastman Joins CV5 Capital, Strengthening Leadership in Digital Asset Funds and Cybersecurity
  • AIZU Coin ICO is EXPLODING — The Explosive next 100X Crypto Gem Everyone Will Be Talking About!!
  • Colle AI Streamlines Developer Access with Smarter NFT Deployment Features
  • Atua AI Expands Operational Efficiency Through Layered Automation Support
  • CyberCatsCoin (CYBCC) Set to Launch Presale – A Fresh Meme Coin with Real Utility
  • Realpump Launches No-Code Meme Coin Creation Platform on Solana
  • Mofse.com Reviewed: A Powerhouse for Crypto & Digital Asset Tracking and Strategic Insights
  • Imagen Network Enhances Social Logic Systems with Smarter Feed Mechanisms
  • FurGPT Extends Companion Frameworks for Responsive Web3 Gaming
  • Atua AI Optimizes Enterprise Support with Fine-Tuned Grok Cryptocurrency Integration
  • Mansa AI Expands Workflow Customization with Intelligent Agent Upgrades
  • AGII Builds Dynamic Automation Layers to Empower Web3 Frameworks
  • CoinACE Crypto Trading Simulator: 2025’s Best Risk‑Free Practice Platform
  • Colle AI Reinforces Bitcoin Integration to Strengthen Cross-Chain NFT Liquidity and Growth
  • Atua AI Elevates Developer Support With Scalable Workflow Upgrades
  • Never Miss a Move: Technical Ping’s Crypto Alerts Bot on Telegram
  • Atua AI Evolves DeepSeek Model Integration to Optimize Cross-Chain Enterprise Automation
  • Mansa AI Refines Developer Experience With Intelligent Low-Code Frameworks
  • The world’s first Web3.0 and RWA transaction computing power platform RealWorldBuy is about to be launched
©2025 Buzz Blockchain | Design: Newspaperly WordPress Theme