According to Odaily, CycleX has introduced CycleX Fund One Fund (CFOF), a tokenized perpetual bond fund with an initial fundraising target of $10 million. The fund has issued 10,000 shares, each priced at an initial net asset value (NAV) of $1,000. The fund offers a fixed return rate of 7-9%, a floating return rate of 30%, and an annual percentage yield (APY) of approximately 100%. This bond features a robust return structure and significant earning potential, enhancing the transparency and efficiency of asset trading and management. Through smart contracts, investors can view and manage their portfolios in real-time, reducing intermediary costs and risks. This product marks CycleX's formal entry into the exploration and trial of tokenized products for listed companies, signifying the beginning of large-scale tokenization of listed companies. Details of related collaborations will be announced through relevant securities exchanges at a later date.