Bitfinex Securities, a platform specializing in real-world tokenized securities listings, has officially announced its inaugural tokenized bond. Set to debut in November, this financial instrument, named ALT2611, is a 36-month, 10% coupon bond denominated in USDT and issued by Mikro Kapital, a global leader in micro-financing.
Diversifying Risks Across Borders
ALT2611 is not just a bond; it’s a strategic investment in the future. Bitfinex Securities revealed that the tokenized bond will absorb risks associated with the debt and equity of microfinance organizations, small financial institutions, leasing companies, and banks. This diversification strategy spans across Italy, Romania, Moldova, and other developing nations along the Silk Road.
Paolo Ardoino lauded this pioneering initiative as the dawn of a new era in capital raising. He emphasized the significance of tapping into deep liquid markets and stock/fond markets for future financial endeavors.
The Bitfinex Securities platform serves as a catalyst for businesses seeking to raise capital by listing their tokenized securities on a public exchange. This versatile platform facilitates access to various financial instruments, prominently featuring blockchain-based bonds, stocks, and investment funds.
Businesses can leverage Bitfinex Securities to either directly list their tokenized securities on the exchange or facilitate seamless trading through the capital-raising platform. This approach allows products, such as debt and equity securities, to be transacted on exchanges and between wallets, harnessing the same or comparable technology as cryptocurrencies.
Tokenization and Securities
Securities, integral to financial markets, come in three fundamental categories: debt, hybrids, and equity. Each category plays a unique role in the financial landscape. This encompasses loans, a blend of debt and equity elements, and ownership rights.
Trading Details and Governance
Bitfinex disclosed that the ALT2611 tokenized bond will initiate trading at 100 USDT. This is with a minimum investment threshold of 125,000 USDT. Distribution of securities will commence within a week post capital raise completion,. Additionally, it will feature a three-year maturity period from the day of issuance. The governance of this innovative securities bond adheres to the laws of the Grand Duchy of Luxembourg.
Mikro Kapital’s Ambitious Offering
In an official statement, Mikro Kapital revealed plans to issue 100,000 securitized tokens of ALT2611, aiming to raise a substantial 10,000,000.00000000 USDT. However, it’s crucial to note that ALT2611 is not available to U.S. citizens or individuals within U.S. jurisdictions where the offer or sale would be deemed unlawful.