Bitfinex Securities Raises Over $5 Million in Tokenized Bond on Liquid Network
Bitfinex Securities has successfully raised more than $5 million in USDT by issuing one of the world’s first tokenized bonds on the Liquid Network. The bond, denominated in USDT and known as ALT2612, has a 36-month tenor with a 10% coupon. The Liquid Network is a sidechain of the Bitcoin blockchain that supports various tokenized assets.
Mikro Kapital Collaboration
The issuance of the tokenized bond is a result of collaboration between Bitfinex Securities and Mikro Kapital, a microfinancing firm. Mikro Kapital manages a securitization fund named Alternative and has expertise in conventional bond issuances. The collaboration aims to explore asset tokenization and the use of USDT within the microfinancing industry.
Challenges in Bridging Traditional and Crypto Investors
Paolo Adoino, CEO of Tether and CTO of Bitfinex Securities, highlighted the challenge of bridging the gap between traditional and crypto investors. He emphasized the importance of educating them about the benefits of high-quality securities and tokenization. Mikro Kapital’s role in this endeavor is crucial.
Bitfinex Securities’ Tokenized Bond Falls Short
While Bitfinex Securities has achieved success with its latest tokenized bond issuance, its previous tokenized bond, ALT2611, fell short of its target. The platform had set a target of $10 million for ALT2611 but only managed to raise $1.5 million during the two-week offer period. The offering period has been extended for an additional two weeks.
About Bitfinex Securities
Bitfinex Securities is a platform that helps raise capital for issuers looking to list their tokenized securities on a public exchange. It offers access to various financial instruments, including blockchain-based bonds, stocks, and investment funds.
Hot Take: Bitfinex Securities Pioneers Tokenized Bonds on Liquid Network
Bitfinex Securities has made a significant stride in integrating USDT in the microfinancing industry with its successful tokenized bond issuance on the Liquid Network. This achievement showcases the potential of tokenization in revolutionizing traditional financial markets. By leveraging blockchain technology and stablecoins like USDT, Bitfinex Securities and Mikro Kapital are paving the way for greater accessibility and efficiency in the microfinance sector. As more investors become educated about the benefits of tokenization, we can expect to see further innovation and growth in this space.
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