Bitfinex Securities Presents Its First Tokenized Bond, ALT2611
Bitfinex Securities is launching its first tokenized bond, ALT2611.
The bond is issued by Mikro Kapital, a global leader in microfinance.
Paolo Ardoino sees this launch as the beginning of a new era for capital raising.
Introduction to Tokenized Bond ALT2611
Bitfinex Securities, focusing on listing real-world tokenized securities, has unveiled its first tokenized bond, ALT2611. This bond, with a duration of 36 months and a 10% coupon, is denominated in Tether and is issued by Mikro Kapital.
The ALT2611 tokenized bond will support the risks associated with debt and equity of microfinance organizations, small financial institutions, leasing companies, and banks primarily located in Italy, Romania, and Moldova, as well as other developing nations along the Silk Road.
Bitfinex Securities: A New Era for Capital Raising
Paolo Ardoino, Bitfinex’s Chief Technology Officer, sees this tokenized bond as the beginning of a new era for capital raising, integrating deep liquid markets with traditional stock markets.
Bitfinex Securities aims to assist issuers wishing to list their tokenized securities on a public exchange. It provides access to various financial instruments, including blockchain-based bonds and stocks, as well as investment funds.
Companies can list their tokenized securities directly on Bitfinex Securities or facilitate the trading of these securities on the capital raising platform. Companies can also tokenize their assets for trading on exchanges using technologies comparable to cryptocurrencies.
Terms of the Tokenized Bond
Bitfinex has stated that the tokenized bond will begin trading at a price of 100 USDT, with a minimum investment of 125,000 USDT. Distribution will start one week after the end of the capital raising, with a maturity of three years from the date of issuance. This bond will be governed by the laws of the Grand Duchy of Luxembourg.
Mikro Kapital plans to issue 100,000 secure ALT2611 tokens to raise 10 million USDT. It should be noted that the ALT2611 offer is not available to US citizens or anyone present in the United States or in a jurisdiction where the offer would be illegal.