Bitfinex Securities Announces Successful Tokenized Bond Issuance on Liquid Network

Bitfinex Securities has successfully raised over $5 million in USDT through the issuance of one of the worlds first tokenized bonds on the Liquid Network.The tokenized bond launched on Liquid Network denominated in USDT and using the ticker ALT2612, has a 36-month tenor with a 10% coupon. Liquid securities token offerings enable issuers to meet regulatory obligations while allowing investors the ability to self-custody, withdraw, and trade securities peer-to-peer.This initiative is a result of collaboration with Mikro Kapital, a microfinancing firm managing a securitization fund named Alternative. Bitfinex Securities and Mikro Kapital had previously signed an agreement to explore asset tokenization and the use of USDT within the microfinancing industry.Mikro Kapital has deep expertise in conventional bond issuances and is a leader in the microfinancing industry, with a highly diversified lending book of 300,000 borrowers across 14 countries.Paolo Adoino, CEO of Tether and CTO of Bitfinex Securities, emphasized the ongoing challenge of bridging the gap between traditional and crypto investors, educating them about the mutual benefits of high-quality securities and tokenization.Bitfinex Securities Tokenized Bond Falls Short of Target, Extends Offering Period as ALT2611 Raises Only $1.5 Million The Bitfinex Securities platform intends to help raise capital for issuers looking to list their tokenized securities on a public exchange. Also, the securities bond will be governed by and construed in accordance with the law of the Grand Duchy of Luxembourg.The initial purchase size was set at a minimum of 125,000 USDT, with secondary market trading available in denominations of 100 USDT. The tokenized bond, issued in collaboration with Mikro Kapital, aims to raise a total of 10 million USDT by issuing 100,000 securitized ALT2611 tokens.Its important to note that ALT2611 is not available to American citizens or persons present in the United States.ALT2611 primarily assumes risks related to the debts and equities of microfinance companies, small financial institutions, leasing firms, banks, and credit cooperatives.