Bitfinex Securities facilitates $5M tokenized bond on Liquid Network
Bitfinex Securities says the $5.2 million tokenized bond is the first in the microcredit industry. The Tether (USDT)-denominated bond was issued on Liquid Network. Bitfinex Securities has announced that it successfully raised $5.2 million in one of the world’s first token ised bonds. The raise was by Alternative, a securitization fund under microfinancing platform Mikro Kapital. The platform issued the token ised bond on the Liquid Network, a Bitcoin layer 2 solution enabling the issuance and settlement of digital assets such as security token offerings. According to Bitfinex Securities, the USDT-denominated bond ALT2612 has a 36-month tenor and 10% coupon. “ This proof of concept is more than just a fundraise; it’s a significant stride towards integrating USDt in the microfinancing industry ,” Paolo Adoino, CEO of Tether and CTO of Bitfinex Securities, said in a statement published in a blog post . He added: ...