# Tokenized bonds Just like staking and locking, bonding positions are also tokenized. When a user buys a bond, his bonding position is represented by an **`NFT`**. This **`NFT`** will be burned once the full **`CVG`** amount has been redeemed. Users may iterate on an existing bonding position or create a new one at any time. However, iterating on an existing position (increase the amount of bonded asset and thus increase the amount of **`CVG`** that can be redeemed) will reset the vesting term. Like other Convergence's financial **`NFTs`** (staking and locking), bonding **`NFTs`** can be traded and/or sent to another wallet. Thus, each **`NFT`** has a “*lock*” function that forbids its owner to redeem **`CVG`** once triggered. The purpose of this function is to ensure that bonding **`NFTs`** buyers won't be frontruned and receive an empty **`NFT`**. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.cvg.finance/bonds-and-treasury/bonds/tokenized-bonds.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.