Bondi tokenizes publicly traded corporate bonds into DeFi composable Bond Tokens: real credit, priced daily by a real market, usable as collateral. Alekso's read on why most RWA collateral fails under stress is the sharpest one on this page.

Right now the focus is Bondi's $10M institutional launch: four bond baskets from investment grade to high yield, with lending markets on Morpho, going live mid October.

Over the next year the plan is scaling that past $100M and becoming an onchain bond broker with fully rebalancing onchain bond ETFs, which Bondi's lot level tokenization makes possible at roughly a millionth of the capital TradFi needs.

If a lender can't independently verify the price and exit without anyone's permission, it's not collateral, it's a promise.

Most people think wrapping an asset makes it collateral. Most RWA blowups this cycle were self reported NAV plus a redemption queue that paused under stress. Bondi's fix is public credit: the mark is a live bid, and the exit is a bond sale.

Bond math and EM credit, from a background in fixed income and FX arbitrage. Structuring tokenized assets through regulated rails, including Bermuda segregated accounts and licensed brokers. Designing lending markets and oracles for RWA collateral on Morpho. And honest experience with pivoting from retail to institutional.

Outside work he plays poker and reads.