Bitfinex Securities launch regulated public offering of tokenised US Treasury Bills
19 November 2024 El Salvador
Image: stock.adobe.com/David Durán
Bitfinex Securities has launched the first-ever regulated public offering of tokenised US Treasury Bills under El Salvador’s newly established securities licensing regime.
The token will be issued by NexBridge Digital Financial Solutions and will provide investors with exposure to short-term US Treasury Bills denominated in US dollars.
Following the end of an initial subscription period, the token will be available for trading on Bitfinex Securities' secondary market under the ticker USTBL.
Jesse Knutson, head of operations at Bitfinex Securities, says: "This issuance represents a significant step forward in financial technology by merging the security of government-backed securities with the adaptability and efficiency of digital assets.
“The inclusion of USTBL tokens in investment portfolios will enable investors to balance digital asset exposure with the stability of traditional finance, offering a new level of diversification that can help reduce overall portfolio risk."
Nicolas Cane, CEO of NexBridge, adds: "By bringing US Treasury Bills on-chain, we are not only offering a secure, compliant investment opportunity, but we are also laying the groundwork for a new standard in finance. Our vision is to create an interconnected environment where traditional assets and blockchain technology come together seamlessly, fostering a transparent and efficient financial ecosystem for investors worldwide.”
El Salvador first introduced its securities law in January 2023, and Bitfinex Securities was the first platform to receive a Digital Asset License under this framework.
The token will be issued by NexBridge Digital Financial Solutions and will provide investors with exposure to short-term US Treasury Bills denominated in US dollars.
Following the end of an initial subscription period, the token will be available for trading on Bitfinex Securities' secondary market under the ticker USTBL.
Jesse Knutson, head of operations at Bitfinex Securities, says: "This issuance represents a significant step forward in financial technology by merging the security of government-backed securities with the adaptability and efficiency of digital assets.
“The inclusion of USTBL tokens in investment portfolios will enable investors to balance digital asset exposure with the stability of traditional finance, offering a new level of diversification that can help reduce overall portfolio risk."
Nicolas Cane, CEO of NexBridge, adds: "By bringing US Treasury Bills on-chain, we are not only offering a secure, compliant investment opportunity, but we are also laying the groundwork for a new standard in finance. Our vision is to create an interconnected environment where traditional assets and blockchain technology come together seamlessly, fostering a transparent and efficient financial ecosystem for investors worldwide.”
El Salvador first introduced its securities law in January 2023, and Bitfinex Securities was the first platform to receive a Digital Asset License under this framework.
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