<p>Lots of people that we know about and probably many more that we don't know about are developing a diversity of financial instruments for bitcoin. What instruments exactly will depend on your definition of instrument.</p>

<p>Here is an interesting one:</p>

<p><a href="https://bitcointalk.org/index.php?topic=197799.0" rel="nofollow">cvToken</a>:
An effort to stabilize the bitcoin price by pegging a token backed by a basket of commodities to it.</p>

CC BY-SA 3.0
2013-05-29T19:46:00.703Z
Yeah, I heard about this at the Bitcoin conference.  Although I think they are trying to stabilise the *token*, not the bitcoin price (can someone correct me on that?)
eMansipater
CC BY-SA 3.0
2013-05-29T05:21:33.517Z
2013-05-29T05:21:33.517Z
Kinnard Hockenhull
<p><strong>I'm thinking here specifically of instruments that take a Bitcoin-like approach to trusted parties, eliminating them wherever possible</strong> and typically built with Bitcoin as their platform.  (As opposed to simply having a real-world trusted entity issue a Bitcoin-containing or Bitcoin-related financial instrument in the traditional method).</p>

<p>Financial instruments include things like bonds, stocks, contracts, additional currencies, etc.</p>

<p>For example, I know jgarzik was working on <a href="https://github.com/jgarzik/smartcoin#readme" rel="nofollow">smartcoin</a> for a while (has development stopped?) and there are things like this you can do with <a href="http://www.bitcoinx.org/" rel="nofollow">coloured coins</a>.  Can anyone offer some insight on what is actually being developed re: these and other approaches, and especially what has reached an implemented, usable level?</p>

CC BY-SA 3.0
2013-04-25T16:44:31.423Z
not sure if this is what your looking for, but [ripple](https://ripple.com/) is doing some cool things along these lines
Loourr
CC BY-SA 3.0
2013-04-25T21:47:36.683Z
Does Ripple actually add any new financial instruments other than currencies?  In general, though, I'm talking about development which uses Bitcoin as the platform.
eMansipater
<development><currencies><finance>
What financial instruments are under development for Bitcoin?
eMansipater
# What financial instruments are under development for Bitcoin?

(Asked by: username_0 on 2013-04-25)

**I'm thinking here specifically of instruments that take a Bitcoin-like approach to trusted parties, eliminating them wherever possible** and typically built with Bitcoin as their platform. (As opposed to simply having a real-world trusted entity issue a Bitcoin-containing or Bitcoin-related financial instrument in the traditional method).

Financial instruments include things like bonds, stocks, contracts, additional currencies, etc.

For example, I know jgarzik was working on [smartcoin](https://github.com/jgarzik/smartcoin#readme) for a while (has development stopped?) and there are things like this you can do with [coloured coins](http://www.bitcoinx.org/). Can anyone offer some insight on what is actually being developed re: these and other approaches, and especially what has reached an implemented, usable level?

**Tags:** development, currencies, finance

> **Comments:**
> **username_1**: not sure if this is what your looking for, but [ripple](https://ripple.com/) is doing some cool things along these lines  
> **username_0**: Does Ripple actually add any new financial instruments other than currencies?  In general, though, I'm talking about development which uses Bitcoin as the platform.  

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## 1 answers

### Answer by username_2 on 2013-05-29. Score: 1 | Accepted answer

Lots of people that we know about and probably many more that we don't know about are developing a diversity of financial instruments for bitcoin. What instruments exactly will depend on your definition of instrument.

Here is an interesting one:

[cvToken](https://bitcointalk.org/index.php?topic=197799.0):
An effort to stabilize the bitcoin price by pegging a token backed by a basket of commodities to it.

> **Comments:**
> **username_0**: Yeah, I heard about this at the Bitcoin conference.  Although I think they are trying to stabilise the *token*, not the bitcoin price (can someone correct me on that?)  

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