Bitfinex Securities Unveils Tokenized Bond Offering

Bitfinex Securities, a platform specializing in listing tokenized securities representing real-world assets, has revealed its first tokenized bond, scheduled for listing in November. The newly introduced tokenized bond, named ALT2611, is a 36-month instrument with a 10% coupon rate, denominated in Tether (USDT) and issued by Mikro Kapital, a global leader in microfinance.

ALT2611, offered by Bitfinex Securities, encompasses risks associated with the debt and equity of microfinance organizations, small financial institutions, leasing companies, and banks in countries including Italy, Romania, Moldova, and other developing nations along the Silk Road—an ancient network of Eurasian trade routes connecting Europe, the Middle East, and Asia.

Paolo Ardoino, Chief Technology Officer at Bitfinex, described the debut of the tokenized bond on the securities platform as the beginning of a new era for capital raising.

Bitfinex Securities aims to facilitate capital raising for issuers seeking to list their tokenized securities on a public exchange. The platform offers access to various financial instruments, prominently blockchain-based bonds and stocks, as well as investment funds.

Companies can utilize Bitfinex Securities to list their tokenized securities directly on the exchange or to enable trading of these securities via the capital-raising platform. Firms can also utilize similar technology to cryptocurrencies to tokenize their assets, such as debt and equity securities, enabling transactions on exchanges and between wallets.

Securities encompass a range of financial instruments that can be traded and converted into other currencies across both public and private markets. They are categorized into three types: debt (involving loans with regular repayments), hybrids (combining elements of debt and equity), and equity (providing ownership rights to holders).

Bitfinex has disclosed that the tokenized bond will initiate trading at a price of 100 USDT, with a minimum investment requirement of 125,000 USDT. Distribution of the securities will commence within one week following the capital raise's completion, with a maturity period of three years from the date of issuance. The bond will be governed by the laws of the Grand Duchy of Luxembourg.

In line with the official announcement, Mikro Kapital plans to issue 100,000 securitized tokens of ALT2611 to raise 10 million USDT. It is important to note that ALT2611 is not available to U.S. citizens or individuals located in the U.S., nor in any jurisdiction where the offer or sale would be considered unlawful.