Bitfinex Securities has announced the launch of its first tokenized bond offering, marking a new era for capital raises through deep liquid markets and stock/fond markets. The bond, labeled ALT2611, is a 36-month offering denominated in USDT and carries a 10% coupon rate. It leverages Blockstream Liquid, a sidechain-based settlement network for Bitcoin. The bond aims to synergize conventional financial instruments with the flexibility and innovation of blockchain technology. It primarily engages in acquiring risks linked to the debt and equity of micro-financing enterprises and small financial institutions. The offering raises capital through the issuance of midterm fixed coupon bonds and requires collateral equivalent to the loan amount. The ALT2511 bond has a minimum investment threshold of 125,000 USDT and offers a 10% annual yield with quarterly coupon payouts. It is governed by the laws of Luxembourg and is associated with Mikro Kapital, a group involved in impact investments. The bond is not available to U.S. investors.
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Geography |
Europe |
Countries |
🇱🇺 🇮🇹 🇷🇴 |
Sentiment |
positive |
Relevance Score |
1 |
People |
Paolo Ardoino |
Companies |
Mikro Kapital, Bitfinex Securities, Blockstream, Tether |
Currencies |
Bitcoin, Tether |
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None |