RWA | Bitfinex Securities launches first tokenized bond, with USDT as the main fundraising medium

Bitfinex CTO and Tether CEO Paolo Ardoino stated that Bitfinex Securities, the security platform of Bitfinex, will list the first tokenized bond Alternative (ALT2611) and will use USDT as the fundraising medium.

Bitfinex Securities Launches First Tokenized Bond Offering

"Alternative" is primarily focused on assuming the debt and equity-related risks of microfinance companies, small financial institutions, leasing companies, banks, or credit cooperatives in Italy, Romania, Moldova, and emerging countries along the Silk Road, providing financing services to these micro, small, and medium-sized enterprises and entrepreneurs.

This bond is expected to raise 10 million USDT, with a minimum investment of 125,000 USDT, paying a quarterly coupon of 10% annually, and maturing in three years. The technology is provided by the Bitcoin tech company Liquid and complies with the regulations of the Grand Duchy of Luxembourg. The product is also not available to residents of restricted countries or regions.

According to Bitfinex Securities, the platform is regulated in Kazakhstan and El Salvador, offering tokenized stocks, debt, and fund services.