RWBONDS.HTM
Real World Bonds sell NET at a discount to the open market for a fixed vesting period. Settlement is in USDG. The same transaction routes capital through Rialto into tokenized equities held in the RWA Sleeve.
Terms at a glance
- Payment
- USDG
- Receive
- NET at a discount to spot
- Vest
- Two days
- Slippage
- None on the desk quote
- Trading fee
- Ordinary AMM fee does not apply to the bond fill
Mechanics
- Subscribe at the Bond Desk with USDG.
- NET is scheduled to unlock after the two-day vest.
- Concurrently, the desk routes the subscription through Rialto into the named equity sleeve allocation.
Bond NET is still subject to market price after unlock. Discount is to the spot at subscription, not a promise of future premium.