Bitfinex Securities recently launched its first tokenized bond offering, ALT2611. This bond has a maturity period of 36 months and offers a 10% coupon rate. It is priced in USDT and issued by Mikro Kapital, a global leader in the financial sector. ALT2611 will utilize Blockstream Liquid, a sidechain-based payment network for Bitcoin (BTC).
This tokenized bond is designed to address risks related to debt and equity for microfinance businesses, small financial organizations, and similar entities primarily operating in Italy, Romania, Moldova, and regions along the Silk Road – a historic network of trade routes connecting Europe, the Middle East, and Asia.
Notably, the introduction and listing of this tokenized bond is seen as a move to combine traditional financial instruments like bonds with the flexibility and innovation offered by blockchain technology. It aims to expand financial support for small and medium-sized enterprises.
Paolo Ardoino, the upcoming CEO of Bitfinex, referred to this event as a significant milestone in Bitfinex’s development, marking a new era in capital fundraising through deep liquidity markets and the securities/equities market.
According to the announcement, Mikro Kapital will issue 100,000 ALT2611 tokens to raise $10 million USDT. ALT2611 will be listed at a price of 100 USDT, with a minimum investment of 125,000 USDT. Distribution will begin within a week after the fundraising process is completed, with a three-year maturity period from the issuance date. The bond will be regulated and comply with the laws of Luxembourg.
However, it’s worth noting that ALT2511 bonds are currently not available to U.S. investors.