Based

Liquid Network

Million

Green

<img width="1280" height="853" src="https://coingape.com/wp-content/uploads/2023/12/earth-3537401_1920.jpg" class="attachment-full size-full wp-post-image" alt="digital world" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2023/12/earth-3537401_1920.jpg 1280w, https://coingape.com/wp-content/uploads/2023/12/earth-3537401_1920-300x200.jpg 300w, https://coingape.com/wp-content/uploads/2023/12/earth-3537401_1920-1224x816.jpg 1224w, https://coingape.com/wp-content/uploads/2023/12/earth-3537401_1920-768x512.jpg 768w, https://coingape.com/wp-content/uploads/2023/12/earth-3537401_1920-150x100.jpg 150w, https://coingape.com/wp-content/uploads/2023/12/earth-3537401_1920-272x182.jpg 272w" sizes="(max-width: 1280px) 100vw, 1280px">
Bitfinex Securities Ltd., a platform known for security token trading, announced that the&nbsp;<a class="editor-rtfLink" href="https://coingape.com/alt2611-tokenized-bond-debuts-on-bitfinex-platform/" target="_blank" rel="noopener">first tokenized bond</a>&nbsp;issuance raised $5.2 million USDT. 
<h2 id="span-data-preserver-spaces-true-first-tokenized-bond-issuance-span">First tokenized bond issuance</h2> 
A securitization fund based in Luxembourg called ALTERNATIVE secured the funding. The Liquid Network side chain issued the ALT2612 bond, which offers a 10% annual return over 36 months and is denominated in USDT. 
The network’s features, such as transfer restrictions and the creation of whitelists, allow issuers to fulfill regulatory requirements while granting investors the freedom to manage, withdraw, and trade their securities independently. 
Jesse Knutson, Head of Operations at Bitfinex Securities, expressed enthusiasm about the fundraising. Knutson said, “This proof of concept issuance is a testament to the innovative spirit and collaborative effort between Bitfinex Securities and Mikro Kapital.” 
The two entities agreed to delve into asset tokenization and incorporate of Tether tokens (USDt and EURt) in microfinancing earlier this year. 
Paolo Adoino, CEO of Tether and CTO of Bitfinex Securities, noted, “This proof of concept is more than just a fundraise; it’s a significant stride towards integrating USDT in the microfinancing industry.” 
<h2 id="span-data-preserver-spaces-true-more-tokenized-bonds-in-work-span">More tokenized bonds in work</h2> 
This is not the first instance where tokenized bonds have integrated with traditional finance. Bloomberg reported last week that Hong Kong is exploring another round of green bond issuance using distributed ledger technology. In February, the region successfully launched its first-ever tokenized green bond, raising HK$800 million under its Government Green Bond Programme (GGBP). 
In October, Euroclear&nbsp;<a class="editor-rtfLink" href="https://www.euroclear.com/newsandinsights/en/press/2023/2023-mr-14-euroclear-launches-dlt-solution.html" target="_blank" rel="noopener">introduced</a> its Digital Securities Issuance (D-SI) service to facilitate the issuance, distribution, and settlement of fully digital international securities, specifically Digitally Native Notes (DNN), using Distributed Ledger Technology (DLT). The Philippines followed suit in November with a notice of offering of ‘Tokenized Treasury Bonds’ due 2024 (TTBs). 
Based on&nbsp;<a class="editor-rtfLink" href="https://www.ifre.com/story/4277936/kfw-expects-more-emphasis-on-dollars-in-2024-keeps-eye-on-digital-bonds-vdcq0gdn72" target="_blank" rel="noopener">reports</a>, KfW, a German development bank, plans to increase its focus on tokenized bonds in 2024. 
Also Read:&nbsp;<a class="editor-rtfLink" href="https://coingape.com/philippines-initiates-179-mln-tokenized-treasury-bonds-revolutionizing-digital-finance/" target="_blank" rel="noopener">Philippines Initiates $179 Mln Tokenized Treasury Bonds Revolutionizing Digital Finance</a> 
The post <a href="https://coingape.com/bitfinex-securities-reports-tokenized-bond-issuance-of-5-2-million-usdt/">Bitfinex Securities Reports Tokenized Bond Issuance of $5.2 Million USDT</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Bitfinex Securities Reports Tokenized Bond Issuance of $5.2 Million USDT

Table of Contents

Coingape News Media

Other articles published on Dec 20, 2023

Exploring Familiar Terrain: Challenges of Total Market Capitalization

STX-20 Tokens: Inscriptions on Stacks

Harambe Token Shatters Expectations: Unveils New Website and Surpasses $1.5M Milestone

SEC & Grayscale Hold Another Meeting to Talk Spot Bitcoin ETF

A Global Survey of Cryptocurrency Regulation Shows 42 Countries Join the Regulatory Party in 2023

Altseason Now Imminent As Crypto Markets Gear Up for ‘Major Move’: Glassnode Founders

Join our free newsletter for daily crypto updates!