Bitfinex Securities has disclosed its plans to list its inaugural tokenized bond, ALT2611, in November. This novel tokenized bond, named ALT2611, is a 36-month bond with a 10% coupon, denominated in Tether. The bond is being issued by Mikro Kapital, a prominent player in the microfinance sector, known for its global presence.
Bitfinex Securities emphasized that ALT2611 will carry risks linked to the debt and equity of microfinance institutions, small financial entities, leasing firms, and banks in countries like Italy, Romania, Moldova, as well as other emerging economies along the historic Silk Road trade routes connecting Europe, the Middle East, and Asia.
Bitfinex's Chief Technology Officer, Paolo Ardoino, expressed that the introduction of the inaugural tokenized bond marks the advent of a new era, enabling capital raising "through deep liquid markets and equity/fund markets."
Bitfinex Securities is primarily focused on facilitating the listing of tokenized securities for real-world assets and their trading on public exchanges. The platform offers a wide array of financial instruments, including blockchain-based bonds, stocks, and investment funds.
Businesses have the option to list their tokenized securities directly on the exchange or enable securities trading via a funding platform. This approach allows companies to tokenize their assets, covering commodities such as debt and equity securities, and permits trading across exchanges and wallets through the use of similar technologies as cryptocurrencies.
The tokenized bond will commence trading at 100 USDT, with a minimum investment requirement of 125,000 USDT. The distribution process of the securities will commence within a week of the fundraising completion and spans three years from the issuance date. The Securities Debentures will be governed by and construed according to the laws of the Grand Duchy of Luxembourg.
Mikro Kapital is set to issue 100,000 ALT2611 securitization tokens with the aim of raising 10 million USDT. It is important to note that ALT2611 is not available for or offered to U.S. citizens or residents in the United States, or in any other jurisdiction where such an offer or sale would be considered unlawful.
