Fatburger’s Parent Company Teams Up With Coinbase-Backed Fintech To Tokenize Bond

Updated : 2019-10-10T04:32:00

FAT Brands, the parent company of several franchises including Fatburger, Buffalo’s Cafe and Bonanza Steakhouse, is tokenizing a $30-million bond on the Ethereum blockchain.

According to a report by Forbes, FAT Brands CEO Andy Wiederhorn says the company is working with New York-based and Coinbase-backed Cadence, a digital securitization and investment platform for private credit.