Bitfinex Securities announces tokenized bond

Bitfinex Securities, a platform focused on listing real-world tokenized securities, has announced its first tokenized bond that will be listed in November. The new tokenized bond called ALT2611 is a 36-month, 10% coupon bond denominated in Tether
USDT and issued by Mikro Kapital, a global leader in microfinance.

Bitfinex Securities said the tokenized bond ALT2611 would acquire risks associated with the debt and equity of microfinance organizations, small financial institutions, leasing companies and banks in Italy, Romania and Moldova, as well as in other developing nations along the Silk Road, which was a historical network of Eurasian trade routes connecting Europe, the Middle East and Asia.

Bitfinex chief technology officer Paolo Ardoino called the first tokenized bond on the securities platform the beginning of a new era for capital raises “through deep liquid markets and stock/fond markets.”

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Oct-26-2023 10:24:14 AM