TL;DR
- El Salvador launches the first public offering of tokenized U.S. Treasury Bonds, making access to these assets easier through tokenization.
- NexBridge and Bitfinex Securities partner to issue the USTBL product, backed by BlackRock’s iShares Treasury Bond 0-1yr UCITS fund.
- The goal is to raise $30 million in the initial phase, with the option to buy using Tether (USDT) and, in the future, Bitcoin (BTC).
El Salvador has announced the first public offering of tokenized U.S. Treasury Bonds, an initiative that will revolutionize access to investments in these financial instruments.
This product is the result of a collaboration between NexBridge, a digital asset issuer based in El Salvador, and Bitfinex Securities, a regulated platform responsible for managing and marketing the assets.
Breaking the Barriers of the Financial System
The main goal of this new offering is to make U.S. Treasury Bonds (T-Bills) accessible to individuals and organizations who were previously unable to invest in these assets due to the barriers of the traditional financial system.
Through the tokenization of these bonds, investors will be able to purchase fractions of T-Bills using Tether (USDT). There are plans to include the option to buy using Bitcoin (BTC) in the future. After a subscription period that begins this Tuesday and runs until November 29, the tokens will be traded on the secondary market under the symbol USTBL on the Bitfinex Securities platform.
The tokenization of T-Bills aims to provide a more affordable and accessible alternative to traditional methods of investing in Treasury Bonds, which typically involve a series of intermediaries such as custodian banks and payment agents. Thanks to Bitcoin’s technology and its Liquid network, this process eliminates much of the costs and minimizes complexity.
El Salvador, Land of Innovation
The USTBL product is backed by BlackRock’s iShares Treasury Bond 0-1yr UCITS fund, ensuring its strength and stability. Additionally, this launch is expected to be just the beginning of an expansion process, as NexBridge aims to raise at least $30 million during the initial phase of the offering.
El Salvador continues to position itself as an ideal country for financial innovation, driving the adoption of blockchain technologies and offering new investment opportunities for both individuals and institutions.
