- Two new tokenized bonds will be issued by Bitfinex Securities and Mikro Kapital as part of an ongoing issuance campaign.
- The offerings have a $125,000 minimum investment requirement and a maximum USDT objective of $10 million.
Bitfinex Securities and Alternative, the securitization fund of the Luxembourg-based microfinance organization Mikro Kapital, are planning to issue two new tokenized bonds on the Liquid Network, the sidechain of Bitcoin. This is part of an ongoing issuance campaign.
An 11-month bond with a 10% coupon rate and a 36-month bond with a 13.5% coupon rate are the two distinct durations offered by the program. They are a part of a monthly program that is now in progress, with plans to add more lengths and coupons in the future. The annual interest rate that the bond issuer pays to the bondholders is known as the coupon rate.
The capital campaign, which has a minimum investment amount of $125,000 and a target of up to $10 million in USDT, will begin on July 3 and end on July 31.
Using the Liquid Network of Bitcoin for Tokenization
In December 2023, Bitfinex Securities, along with Mikro Kapital, announced the launch of their first tokenized bond on the Liquid Network, which raised over $5 million in USDT.
With the Liquid Network, issuers may build compliant issuances and investors can self-custody, withdraw, and trade securities peer-to-peer. The Liquid Network is specifically made for issuing assets, such as stablecoins and regulated security token offerings.
Head of Operations at Bitfinex Securities Jesse Knutson stated, “We are introducing innovative financial solutions that combine the strengths of traditional and crypto investments by leveraging the Liquid Network.” With this most recent tokenized bond offering, we are delighted to maintain our long-standing partnership with Mikro Kapital and assist them in introducing fresh sources of funding to the microfinancing industry.
According to the announcement, the money raised from the most recent issue would be put toward sharing economy and microfinance initiatives to help entrepreneurs and small companies in developing nations.
According to Mikro Kapital’s securitization fund, it supports 180,000 borrowers in 10 countries with a loan portfolio of about €300 million ($323 million).
In addition to its original Kazakhstan entity, Bitfinex Securities also introduced its digital asset services in El Salvador in January. In April, the company revealed a $6.25 million tokenized debt offering for a Hampton by Hilton hotel complex located in the El Salvador airport.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
