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.”
Exciting!
This is the first bond listed on Bitfinex Securities. A new era for capital raises through deep liquid markets and stock/fond markets has begun.
Furthermore $USDt will become the underlying denomination asset of this new financial ecosystem.
And yes. It leverages… https://t.co/ekXj3gY7Xj
The Bitfinex Securities platform is intended to help raise capital for issuers looking to list their tokenized securities on a public exchange. The platform offers access to a range of financial instruments, most notably blockchain-based bonds and stocks, as well as investment funds.
Businesses can use Bitfinex Securities to list their tokenized securities directly on the exchange or to facilitate trading the securities through the capital-raising platform. Companies can also allow their products to be transacted on exchanges and between
Read more on cointelegraph.com
