Solana
Etherfuse CETES tokenizes Mexico government debt through Etherfuse's stablebond programme on Solana: the token accretes the bond yield into its price instead of paying coupons, so holding it is holding the sovereign curve. Prism verified a live Jupiter route against its $107,000 pool.
Mexican treasury bills (CETES), on-chain: the first LatAm sovereign token.
Prism analyst note
CETES brings a sovereign yield curve on-chain that almost no one else offers: Mexico government debt as a freely-trading token. Yield-accreting design means no coupon plumbing: the price grinds upward at the bond rate. Pool depth is retail-scale; treat it as a yield diversifier, not a parking lot for size.
Generated from issuer disclosures and reviewed against the sources listed below. Not investment advice.
Structure & compliance
- Underlying
- Mexico government bonds; yield accretes into token price
- Legal structure
- Tokenized sovereign bond exposure via Etherfuse stablebond programme
- Jurisdiction
- Mexico
- Custodian
- Bond custody via Etherfuse's regulated programme partners
- Administrator
- Etherfuse
- Reserve information
- Bond backing is administered through Etherfuse's issuance programme; Prism verified the mint, supply and live routing on Solana.
- Transfer restrictions
- Freely transferable SPL token. The public Solana pool is the proof. Primary mint and redemption require Etherfuse onboarding.
- Investor eligibility
- Open / permissionless
- KYC required
- No, permissionless transfers
- Launched
- Mar 1, 2024
Reserve verification
Contracts & on-chain data
Addresses shown only where independently confirmed against explorers and issuer documentation. Holder and transfer analytics are available via the linked explorers.
Documents & disclosures
Frequently asked
Where does the yield go?+
Into the token price. Stablebonds accrete: the token's redemption value rises at the bond yield instead of paying out coupons.
