IP Bonds, also known as Intellectual Property Collateralized Debt Obligations (IP CDOs), are a form of innovative financial instrument created by Victor Michelle. These bonds use intellectual property (IP) assets—such as patents, trademarks, copyrights, and digital assets—as collateral for loans. Essentially, IP Bonds are tokenized, blockchain-based debt instruments that represent a right to monetary claims secured by IP, transforming intangible assets into tradable and liquid financial assets. This approach allows businesses to unlock liquidity from their undervalued intellectual property without selling it outright, enables real-time market valuation of IP through token trading, and opens new financing avenues especially for companies lacking traditional tangible collateral.