Bonds that enforce their own rules.
Tenor is a secondary market for regulated bond tokens. Verified investors trade peer-to-peer, the bond checks every trade, and coupons pay themselves.
How it works
Three steps, three transactions, no intermediary holding anything.
Issue on ATS.
The issuer creates the bond, verifies investors, and sets the rules. Tenor changes nothing here.
Sell TGN27List without leaving your wallet.
Tokens stay in your wallet, reserved for the listing. One transaction.
Settle in one transaction.
USDC to the seller, tokens to the buyer, and the bond checks the buyer first.
The market never asks permission. The bond decides.
Every rule is enforced by the token at settlement, so a rule can’t be bypassed by a different front end.
Paid15 Jun
Paid15 Sep
Paid15 Dec
in 8 s
Coupons pay themselves.
Booked with the Hedera Schedule Service. Fired by the network, to the second.
The issuer funds a coupon once and books it with the Hedera Schedule Service. The network fires it at the second it was booked for, and every registered holder receives their share in proportion to the balance they hold at that moment — payment is permissionless, so no single party has to be online for holders to be paid.
Built in the open.
An EIP-2535 diamond composed with Lattice, including reusable Hedera Token Service and Schedule Service facets.
Open the market.
Testnet — sign in with a passkey, fund a wallet in-app, and trade in under two minutes.
Open the market