Bitfinex, Paolo Ardoino’s company, is about to launch its first tokenized bond.
This tokenized bond, named ALT2611, is a 36-month financial instrument with an attractive 10% coupon rate, and its uniqueness lies in being denominated in Tether (USDT). The bond has been issued by Mikro Kapital, a globally renowned player in the field of microfinance.
What makes ALT2611 innovative is its unique approach to risk acquisition. The tokenized bond aims to tap into risks associated with both debt and equity related to microfinance organizations, small financial institutions, leasing companies, and banks.
These projects span a wide geography, including Italy, Romania, Moldova, and various emerging economies in the Middle East and Asia.
Bitfinex: The Future of Investments
Paolo Ardoino, Bitfinex’s Chief Technology Officer, described the bond as the beginning of a new era for capital raising. It signifies a transition towards leveraging deep and liquid markets and the offering of disruptive financial instruments in the realm of stock and bond markets.
Exciting!
This is the first bond listed on Bitfinex Securities. A new era for capital raises through deep liquid markets and stock/fond markets has begun.Furthermore $USDt will become the underlying denomination asset of this new financial ecosystem.
And yes. It leverages… https://t.co/ekXj3gY7Xj
— Paolo Ardoino 🍐 (@paoloardoino) October 25, 2023
Bitfinex Securities opens the doors to a variety of financial instruments, including blockchain-based stocks, investment funds, and more.
Its primary aim is to facilitate the capital-raising efforts of issuers looking to list their tokenized securities on a public exchange.
This platform can assist companies in listing their tokenized securities directly on the exchange or facilitate trading through the capital-raising platform.
For businesses looking to embrace the digital economy, Bitfinex Securities provides a pathway for their products to be traded on exchanges and between wallets using technology similar to cryptocurrencies.
These products include debt and equity securities, which are fundamental elements in any thriving financial ecosystem.
ALT2611, the tokenized bond in question, will begin trading at a price of 100 USDT, with a minimum investment threshold set at 125,000 USDT.
The distribution of this asset will commence within a week after the completion of the capital raise, and the bond will have a maturity period of three years from the issuance date. To reinforce the legal aspects, the bond adheres to the laws of the Grand Duchy of Luxembourg.
Mikro Kapital, the issuer, plans to generate 10 million USDT by issuing 100,000 securitized tokens of ALT2611.
It’s important to note that this opportunity is not extended to U.S. citizens or individuals residing in the U.S., or in any jurisdiction where the offer or sale is considered illegal.
