Bitfinex Securities announced on Wednesday that they successfully raised more than $5 million through the issuance of a tokenized bond on the Liquid Network.
This innovative bond offering, named ALT2612, was created in partnership with the microfinance company Mikro Kapital, which oversees a fund called Alternative. The bond is valued in USDT, offers a 10% interest rate, and will mature in 36 months.
Paolo Adoino, CEO of Tether and CTO of Bitfinex Securities, said in a statement published in a blog post, “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.”
Mikro Kapital and Bitfinex Securities teamed up to explore turning assets into digital tokens earlier this year. They also want to promote the use of Tether stablecoins, USDT and EURT, in the small loan industry.
Vincenzo Trani, the head of Mikro Kapital, said that their successful launch of a digital bond was thanks to the technical help and investor connections from Bitfinex Securities. He’s enthusiastic about blending cryptocurrency with small loans, believing it will help small business owners more effectively.
Also Read: El Salvador’s ‘Volcano Bonds’ to Launch on Bitfinex in 2024
