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International Business Times
International Business Times
Business
Nica Osorio

Bitfinex Makes History As It Issues First Tokenized Bond, Raises 5M In USDT

Bitfinex SEC Bitcoin Tether
Discover what happened at Bitfinex during November! (Credit: YouTube Screenshot/Bitfinex Official YouTube channel)

KEY POINTS

  • The tokenized bond uses the ticker ALT2612 and is denominated in USDT
  • The tokenized security offering, issued on Liquid Network, has a 36-month tenor with a 10% coupon
  • Microfinancing firm Mikro Kapital will handle the securitization of the fund

Bitfinex Securities, which offers listing and trading services for security tokens, announced it has issued the world's first tokenized bond on Liquid Network and raised more than $5 million in Tether (USDT).

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