Kenya’s 4G Capital Set to issue Tokenised Bond Using Digital Currencies

Fourth Generation (4G) Capital Group, a micro-finance and training company, is set to issue tokenised bonds using digital currencies.

Hennessy-Barrett, the founder and CEO of 4G capital said the initial issuance has a target of $10 million and a targeted coupon of 10 percent to prove the idea. 4G will issue the tokenised bonds to the current institutional and qualified investors in April. The investors have the option to pay in either ether or bitcoin.

4G cryptocurrency tokens will be issued on a platform run by Finhaven, which will then forward US dollars to the Kenyan micro-finance. Returns will be paid on a monthly basis in crypto or USD while investors will receive the same protection as with any other bond Finhaven is a technology company from Canada.

Hennessy-Barrett says the plan to issue a tokenised bond was propelled by the high cost of capital in Kenya. Banks are less inclined to lend to high-risk borrowers due to the interest rate cap law. Furthermore, bonds are also expensive.

“There is a big gap in the market for small African businesses to raise working capital. What cryptocurrencies are doing is acting as a bridge to new sources of funding, to elsewhere in the world where there is more capital,” Hennessy-Barret said, adding that 4G Capitalʼs bond was “the most logical use of cryptocurrencies”.

Hennessy-Barrett hopes his bond will affect the debate. Part of his motivation for the bond was to “demonstrate best practice so the benefits of this technology can be understood and shared.”

We are very sensitive to regulators moving at the speed they are comfortable at,” he added.

Am warning all Kenyans and other people not to do digital currency business. You are all putting your money at risk. Hizi ni project huanzishwa ili watu wapige pesa. Watu wamwanzo watafanya vizuri hawatakuwa kwenye risk ila watakao kaa kwenye huu mfumo watapigwa na watalia.
Kwa sasa mabenki ya marekani haya uzi wala kununu Bitcon. Wamegundua kuwa value yake itashuka kwa kasi na watu wamekuwa waki trade na hewa inayoitwa Bitcon kwa watu wachache waliokaa nyuma ya computer.
Wakenya mmekuwa mkipigwa sana kwa watu wanaokuja na mifumo tofauti ya kutrade na pesa. Hata DESI ambayo serikali ya Tanzania iliikataza nakuifungia ilianzia Kenya. Hadi leo watu wa DESI hawakuweza kupata pesa zao.

The other thing is that digital currency is not regulated by any monetary institute. Hata Bank of Kenya hawawezi ruhusu hii kitu ya watu kununua pesa hewa kwajina la digital currency kama ilivyo Bitcon.
Kuweni makini namifumo yakipesa inayokuja
Ukipigwa huna pakushtaki na bank of Kenya haiwezi kuwaludishia pesa cause hawa watu hawako registered chini yao.

Tatizo pia nikuwa digital currency huwa hazina real value. Nimaamuzi yamtu aliyoko nyuma ya computer

mulisaaa said:

Am warning all Kenyans and other people not to do digital currency business. You are all putting your money at risk. Hizi ni project huanzishwa ili watu wapige pesa. Watu wamwanzo watafanya vizuri hawatakuwa kwenye risk ila watakao kaa kwenye huu mfumo watapigwa na watalia.
Kwa sasa mabenki ya marekani haya uzi wala kununu Bitcon. Wamegundua kuwa value yake itashuka kwa kasi na watu wamekuwa waki trade na hewa inayoitwa Bitcon kwa watu wachache waliokaa nyuma ya computer.
Wakenya mmekuwa mkipigwa sana kwa watu wanaokuja na mifumo tofauti ya kutrade na pesa. Hata DESI ambayo serikali ya Tanzania iliikataza nakuifungia ilianzia Kenya. Hadi leo watu wa DESI hawakuweza kupata pesa zao.

The other thing is that digital currency is not regulated by any monetary institute. Hata Bank of Kenya hawawezi ruhusu hii kitu ya watu kununua pesa hewa kwajina la digital currency kama ilivyo Bitcon.
Kuweni makini namifumo yakipesa inayokuja
Ukipigwa huna pakushtaki na bank of Kenya haiwezi kuwaludishia pesa cause hawa watu hawako registered chini yao.

Tatizo pia nikuwa digital currency huwa hazina real value. Nimaamuzi yamtu aliyoko nyuma ya computer

Click to expand...

First thing me and you Mulisaaa agree about...

Hata Central Bank of Kenya ilishatoa warning. Do it at your own risk

CBK warns it won’t be liable for digital currency losses
The Central Bank of Kenya (CBK) has said it will not be held liable for losses incurred by consumers using digital currencies to settle transactions since the virtual currency is not a legal tender in the country.

mulisaaa said:

Hata Central Bank of Kenya ilishatoa warning. Do it at your own risk

CBK warns it won’t be liable for digital currency losses
The Central Bank of Kenya (CBK) has said it will not be held liable for losses incurred by consumers using digital currencies to settle transactions since the virtual currency is not a legal tender in the country.

Click to expand...

the bitcoin sager this year says a lot