Bitfinex Securities Announces First Tokenized Bond Issue

Tokenized securities listing and trading platform Bitfinex Securities will issue its first bond. This was announced by the technical director of Bitfinex and CEO of Tether, the issuer of USDT, Paolo Ardoino.

“A new era of raising capital through liquid markets, funds and stocks has begun,” he said.

According to Ardoino, the USDT stablecoin will become the base denominated asset of the new financial ecosystem

According to Bitfinex, the tokenized bond will list in November 2023. The new asset, called ALT2611, is a US dollar-denominated 36-month 10% bond issued by Mikro Kapital.

Representatives of the platform reported that ALT2611 will be secured by debt obligations and equity capital of microfinance organizations and small institutions, leasing companies and banks in Italy, Romania, Moldova, as well as developing countries in the Middle East and Asia.

Bitfinex Securities is a platform that allows issuers to raise capital and list their tokenized securities offerings on a public exchange. It offers access to a range of financial instruments, most notably blockchain-based bonds and stocks, as well as investment funds.

Bitfinex said the tokenized bond will begin trading at $100 with a minimum investment of $125,000. Distribution of securities will begin within one week after the completion of the capital raising with a maturity of 3 years from the date of issue. According to the official announcement, Mikro Kapital will issue 100,000 securitized ALT2611 tokens.