Bitfinex Securities Ltd Announces New Tokenized Bond
If you’re into crypto, you might be interested to know that Bitfinex Securities Ltd, the first global digital asset platform licensed and registered in the AIFC, has launched a new tokenized bond. The capital raise will last for two weeks, starting from the day of the announcement.
On the Liquid Network
The tokenized bond, ALT2611, is a 36-month, 10% coupon bond denominated in USDt, issued by Alternative, a Luxembourg-based securitization fund under Mikro Kapital’s management. Quarterly coupon payments are made in USDt, with a minimum initial purchase size of 125,000 USDt and secondary market trading available in denominations of 100 USDt. The bond is issued on the Liquid Network, a Bitcoin side chain designed for rapid, compliant settlement and issuance of digital assets and tokenized securities.
Following a security incident
This news comes after Bitfinex addressed a phishing attack issue on Nov. 6. Although no funds were lost, investors should still be cautious due to this incident and the warning issued against Bitfinex by the UK Financial Conduct Authority.
Hot Take: Proceed with Caution
Despite the announcement of a pioneer tokenized bond, history suggests that investors should proceed with caution when dealing with Bitfinex.
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