Bitfinex Securities to Launch First Tokenized Bonds in November
The Bitfinex Securities platform is set to release its inaugural tokenized bonds next month. The bond, called ALT2611, will be a 36-month coupon bond denominated in US dollars and issued by Mikro Kapital, a leading microfinance company.
The tokenized bond will absorb the risks associated with debt and capital from microfinance organizations, small financial institutions, leasing companies, and banks in developing countries along the Silk Road region.
Bitfinex CTO Paolo Ardoino believes that the introduction of tokenized bonds on the securities platform marks a new era for capital raising through liquid markets and stock/fund markets.
The tokenized bond will begin trading at 100 USDT with a minimum investment of 125,000 USDT. Distribution of securities will commence within a week after completing the capital raising process, with a maturity period of three years. The Security Note will be governed by the laws of Luxembourg.
Mikro Kapital Aims to Raise 10m USDT through Tokenized Bonds
Mikro Kapital plans to issue 100,000 securitized ALT2611 tokens in an attempt to raise 10 million USDT. However, these tokens are not available for U.S. individuals or those located in the United States due to legal restrictions.
Earlier this month, Bitfinex’s parent company proposed a $150 million share buyback offer to customers affected by a hack in 2016. This transaction could account for 9 percent of the crypto firm’s outstanding capital, valuing the business at $1.7 billion.
Hot Take: Tokenized Bonds Set to Revolutionize Capital Raising
The introduction of tokenized bonds by Bitfinex Securities is poised to revolutionize the way capital is raised in financial markets. By leveraging the benefits of blockchain technology and tokenization, these bonds offer increased liquidity and accessibility to investors.
This move also highlights the growing adoption of digital assets in traditional finance, as more companies explore tokenization as a means to raise funds. With Bitfinex leading the way, other platforms may follow suit, further expanding the market for tokenized bonds.
Overall, this development showcases the potential for blockchain to disrupt and transform traditional financial systems, paving the way for a more inclusive and efficient global economy.
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