BWRE Capital's Tokenized Bond Sold Out in Under Two Hours

In June 2024, BWRE Capital's ITAX bond sold its €3.5 million offering to qualified investors in under two hours. The Italian tax-credit bonds were issued by BWRE Capital on Ethereum, and the pace of the sale showed real demand for a tokenized instrument.

Dusk's team built the platform behind the offering, from the bond's smart contracts to the investor-facing web app used for subscription and holdings. BWRE took it to market under its own brand. The case study covers how that platform came together.

The offering launched on Ethereum because of its timeline.

BWRE now reports the bond as closed, with the €3.5 million plus accrued interest paid and investors receiving full payments. The experience of building for a real financial instrument carries into the markets being built on Dusk with partners like NPEX.