Bitfinex Launches Tokenized Bond Issuance in Collaboration with Mikro Kapital
The tokenized security offering by Bitfinex is the result of a partnership with microfinancing firm Mikro Kapital. The bond, denominated in USDT, is known as ALT2612 and has a 36-month tenor with a 10% coupon.
Bitfinex and Mikro Kapital’s Collaborative Effort
Bitfinex Securities Head of Operations, Jesse Knutson, expressed his satisfaction with the collaboration, calling it a testament to their innovative spirit. Earlier this year, both Mikro Kapital and Bitfinex Securities agreed to explore asset tokenization and the use of USDT within the microfinancing industry.
Bridging the Gap Between Traditional and Crypto Investors
Tether CEO Paolo Adoino highlighted the ongoing challenge of educating traditional and crypto investors about the benefits of high-quality securities and tokenization.
The Liquid Network’s Versatility
The Liquid Network, a sidechain of the Bitcoin blockchain, has the capability to deploy various types of tokenized assets, including stablecoins, security tokens, and digital collectibles.
About the Author
Brian McGleenon is a UK-based markets reporter for The Block. He has extensive experience as a financial journalist and producer for various news outlets. In addition to his interest in web3 and cryptocurrency developments, he is also passionate about geopolitics, environmental issues, artificial intelligence, and longevity research. You can contact him via email at [email protected]
Hot Take: Bitfinex Expands into Tokenized Bond Market
Bitfinex’s collaboration with Mikro Kapital to launch a tokenized bond issuance showcases their commitment to innovation and bridging the gap between traditional and crypto investors. This move highlights the growing trend of asset tokenization and the use of stablecoins like USDT within the microfinancing industry. With the versatility of the Liquid Network, Bitfinex can explore various tokenized assets, further expanding their offerings in the market. As the crypto industry continues to evolve, partnerships like these pave the way for greater adoption and integration of digital assets into traditional financial systems.
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