February 07, 2023 / Web3
We are pleased to launch ALTA Bonds™, where we will be financing company growth using our Web3 corporate bond program.
Our Bonds are utilized for financing company growth, capital expenditures, and technology investments in the core business, outside of the scope of real-estate specific investments.
It's as simple as connecting your Web3 wallet and purchasing. ALTA Bonds will only be available to purchase using USD Coin (USDC) and all interest and principal redemptions are conducted on-chain through your wallet in the My Account portal.
At launch we have two bond offerings available for purchase, with annual coupon APR's at 9.67% and 11.97%, respectively:
The ALTA Bond™ program is available on the following networks: Ethereum, Polygon, Binance Chain, Optimism, Arbitrum, and Avalanche.
*Like all financial transactions through ALTA Finance, ALTA Bonds™ will only be available for wallets that are ALTA Verified, a 2-minute verification program provided through our partner Stripe®. If you are a US resident, you must be an accredited-investor, as currently defined the SEC. For additional disclaimers, visit alta.finance/legal/disclaimers.