Bitfinex Securities Ltd. has raised over $5.2
million USDt through its tokenised bond ALT2612. This was facilitated by ALTERNATIVE,
a Luxembourg-based securitization fund managed by microfinancing leader Mikro
Kapital, the company noted in a statement today(Wednesday).
ALT2612 is a bond issued on Liquid Network, a
Bitcoin blockchain side-chain tailored for regulated security token offerings.
Bitfinex Securities, in collaboration with Mikro Kapital, has praised this
achievement as a joint commitment to innovation within the microfinancing
sector.
Paolo Adoino, the CEO of Tether and CTO of Bitfinex
Securities, mentioned: “This proof of concept is more than just
fundraising; it’s a significant stride towards integrating USDt in the
microfinancing industry.
“Our ongoing challenge is to bridge the gap
between traditional and crypto investors, educating them about the mutual
benefits of high-quality securities and tokenization. Mikro Kapital’s role in
this endeavor is indispensable.”
In October, Bitfinex Securities revealed its plans for ALT2611, praising it as a way to revolutionize capital acquisition by
delving into the space of microfinance organizations, small financial
institutions, leasing companies, and banks along the historic Silk Road.
Ardoino lauded this initiative as a sign of a new
financial era. With a commitment to creating liquid markets, Bitfinex
Securities aims to facilitate trading blockchain-based bonds, stocks, and
investment funds.
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
Revolutionizing Capital Acquisition
Beyond traditional securities, Bitfinex Securities
allows companies to tokenize their goods, debt, and equity securities. This
advancement allows trading such products on exchanges using technology akin to
cryptocurrencies , expanding the horizons of financial transactions.
ALT2611, initially priced at 100 USDT, requires a
minimum investment threshold of 125,000 USDT. It operates under the legal
framework of the Grand Duchy of Luxembourg.
Notably, ALT2611 will not be available to US
citizens or individuals within the US, the Bitfinex mentioned. Mikro Kapital
will issue 100,000 securitized tokens of ALT2611 to raise 10 million USDT,
paving the way for a new realm of investment opportunities.
Expect ongoing updates as this story evolves…
Bitfinex Securities Ltd. has raised over $5.2
million USDt through its tokenised bond ALT2612. This was facilitated by ALTERNATIVE,
a Luxembourg-based securitization fund managed by microfinancing leader Mikro
Kapital, the company noted in a statement today(Wednesday).
ALT2612 is a bond issued on Liquid Network, a
Bitcoin blockchain side-chain tailored for regulated security token offerings.
Bitfinex Securities, in collaboration with Mikro Kapital, has praised this
achievement as a joint commitment to innovation within the microfinancing
sector.
Paolo Adoino, the CEO of Tether and CTO of Bitfinex
Securities, mentioned: “This proof of concept is more than just
fundraising; it’s a significant stride towards integrating USDt in the
microfinancing industry.
“Our ongoing challenge is to bridge the gap
between traditional and crypto investors, educating them about the mutual
benefits of high-quality securities and tokenization. Mikro Kapital’s role in
this endeavor is indispensable.”
In October, Bitfinex Securities revealed its plans for ALT2611, praising it as a way to revolutionize capital acquisition by
delving into the space of microfinance organizations, small financial
institutions, leasing companies, and banks along the historic Silk Road.
Ardoino lauded this initiative as a sign of a new
financial era. With a commitment to creating liquid markets, Bitfinex
Securities aims to facilitate trading blockchain-based bonds, stocks, and
investment funds.
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
Revolutionizing Capital Acquisition
Beyond traditional securities, Bitfinex Securities
allows companies to tokenize their goods, debt, and equity securities. This
advancement allows trading such products on exchanges using technology akin to
cryptocurrencies , expanding the horizons of financial transactions.
ALT2611, initially priced at 100 USDT, requires a
minimum investment threshold of 125,000 USDT. It operates under the legal
framework of the Grand Duchy of Luxembourg.
Notably, ALT2611 will not be available to US
citizens or individuals within the US, the Bitfinex mentioned. Mikro Kapital
will issue 100,000 securitized tokens of ALT2611 to raise 10 million USDT,
paving the way for a new realm of investment opportunities.
Expect ongoing updates as this story evolves…
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://www.financemagnates.com//cryptocurrency/bitfinex-raises-52m-via-tokenized-bond-in-collaboration-with-mikro-kapital/
