The Digital Fortress investment fund has invested $350,000 in BondAppetit in exchange for 1.74 million BAG

https://bondappetit.medium.com/digital-fortress-investment-fund-injects-350-000-into-bondappetit-defi-lending-protocol-9b9a1f8a2cfe

“The corporate loans and short-term liquidity markets are immense and worth tens of trillions of dollars. In the coming years, DeFi services will be taking up a significant share of this market,” as stated by Evgeny Yudin, Director of Digital Fortress.

“BondAppetit can become a significant player on the debt financing market. The protocol has an innovative hybrid model and a strong team with the necessary experience and connections in both the traditional finance and the cryptocurrency markets. The BondAppetit USDap stablecoin is decentralized and has transparent collateral that can be verified online at any time. 100% of the collateral is composed of stable assets from the traditional financial sector.”

The fund retains an option of acquiring more BAG tokens throughout the year. The details of the option contract will be published later.

The entire amount of $350,000 will be used for the acquisition of bonds to increase the emission of USDap.