SQD Network Issues EUR 15 Million Bond for Expansion

SQD Network has announced a EUR 15 million convertible bond issuance to support its strategic expansion. The bond aims to secure non-dilutive funding for SQD's decentralized data service expansion during a pivotal market phase. This move is expected to enhance market liquidity and attract institutional capital, aligning with industry trends of supporting infrastructure projects in the blockchain sector.

The EUR 15 million convertible bond offering marks a significant financing milestone for SQD Network. The decision to issue the bond is part of a broader strategy to expand its decentralized data services, intensifying its market presence and development efforts among blockchain infrastructure projects. Founder Dmitry Zhelezov emphasized the importance of increasing capital for scaling services, noting that the convertible bond reflects SQD's commitment to providing more flexible, non-dilutive financing as part of its growth strategy.

The bond issuance is anticipated to spark increased liquidity and investment interest. SQD's recent listing on major exchanges and subsequent market activities have already contributed to a surge in spot liquidity, doubling SQD’s price in a short period. Financially, the bond offers a pathway for institutional capital inflow, suggesting increased business investments in blockchain data services.

Historically, similar bond offerings within the Web3 sector have attracted institutional investors. Past listings, such as The Graph (GRT), experienced sustained market attention post-exchange introduction. If past trends hold, SQD might observe continued price growth and liquidity increases. Institutional interest and listing on major exchanges could lead to pronounced market impacts for its ecosystem.

According to the founder, Dmitry Zhelezov, further details should be validated directly from SQD's verified Twitter account or press releases. This announcement underscores SQD's proactive approach to securing funding and expanding its market reach, positioning itself as a key player in the decentralized data services sector.