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Legal & Regulatory
Gyld brings USD-denominated investment-grade and high-yield corporate bonds to blockchain rails. Freely transferable, collateralizable, and built natively for on-chain capital markets.
$300 billion in stablecoins sits on the blockchain, hunting for yield. Traditional assets have followed, debt, credit, equity, all tokenizing at pace. The tokenized asset market has expanded 28x in three years. Yet one category remains structurally absent: genuine single-name investment-grade corporate bonds.
Tokenized, composable, KYC-gated USD corporate bonds. Each Gyld token is 1:1 backed by a real investment-grade bond held in a bankruptcy-remote, fully regulated structure, and freely transferable across Ethereum, Solana and Canton.
Designed natively for on-chain composability. Transferable, collateralizable, and integrable across DeFi protocols.
Tokens move freely on-chain. Enable trading, collateral posting, vault construction and leveraged strategies without bank intermediaries.
Returns driven by issuer fundamentals and credit cycles, not by crypto market volatility or on-chain leverage dynamics.
Issued under a fully regulated tokenization framework, with institutional-grade legal and operational infrastructure.
Backed by bonds that trade in the world's most liquid credit markets. Five days a week. Both sides of the book.
US Treasuries set the risk-free floor. Investment-grade corporates trade at modest spread. High-yield rewards credit risk. Each Gyld bond plotted against the curve it lives on.
On-chain issuance changes the shape of the market for everyone, issuers gain distribution and speed, investors gain flexibility and access.
Tap $300B+ in on-chain stablecoin capital via DeFi, reaching allocators traditional syndication desks never touch.
No clearing layers, no nominees, near-instant settlement. Lifecycle costs compress materially.
Any clip size. Open to mass-affluent and emerging-HNW segments previously locked out by $200K minimums.
Coupons, redemptions and corporate actions automated on-chain. The bond becomes a piece of composable infrastructure.
Straightforward and cheap borrowing on DeFi venues, without bilateral ISDAs or tri-party friction.
Transfer or exit any hour, any day, outside bank settlement windows and market operating hours.
Daily NAV on-chain, independently verifiable. No NAV fax on Monday morning.
No minimums vs. the $200K+ clip required at private banks. Real access to investment-grade credit for the first time.
Issuers access on-chain capital in a fully arms-length manner, retaining legal and compliance control throughout. Gyld handles onboarding, KYC/AML, transaction monitoring, token issuance and redemption.
Fully regulated tokenization framework with annual independent verification and ongoing regulatory oversight.
Gyld manages onboarding, KYC/AML, transaction monitoring and the full token lifecycle.
Standardised tokens, compatible with most exchanges and financing/repo markets.
Gyld bond tokens let the market construct fixed-income vaults across traditional credit and on-chain yield. The spread of regulated debt markets, the composability of DeFi, together.
Senior unsecured debt. The five largest US G-SIBs.
Investment-grade senior unsecured debt from the five largest US G-SIBs. 1.1-year average duration, CET1 ratios of 13–15%, meaningful credit spread over Treasuries with near-money-market rate risk.
High-yield real-world credit meets on-chain basis yield.
The best of both worlds. High-yield bonds from mission-critical financial infrastructure companies, blended with fixed-rate on-chain yield from PT tokens and sUSDS. Real-world credit spread and on-chain basis in one portfolio.
Gyld On-Chain Bonds are available to institutional investors. Request access to the offering documents, term sheets, and current bond universe.