Bitfinex Securities introduces ALT2611, a tokenized bond denominated in USDT
Bitfinex Securities, a platform specializing in listing real-world tokenized securities, has announced its first tokenized bond, ALT2611. The bond, issued by Mikro Kapital, a leading micro-financing company, is a 36-month, 10% coupon bond. It will be listed on the platform later this month.
New tokenized bond to acquire risks associated with microfinance organizations and banks
The ALT2611 tokenized bond will acquire risks associated with the debt and equity of microfinance organizations, small financial institutions, leasing companies, and banks in developing nations along the Silk Road, including Italy, Romania, and Moldova.
Bitfinex Securities looks to revolutionize capital raises
Paolo Ardoino, Chief Technology Officer of Bitfinex, referred to the listing of the ALT2611 tokenized bond as the start of a new era for capital raises, allowing for deep liquid markets and stock/fond markets.
Bitfinex Securities platform aims to facilitate tokenized securities trading
The Bitfinex Securities platform aims to help businesses raise capital by listing their tokenized securities on a public exchange. It provides access to a range of financial instruments, including blockchain-based bonds, stocks, and investment funds.
Tokenizing goods allows for easy transacting on exchanges and wallets
Businesses can use Bitfinex Securities to list their tokenized securities directly on the exchange or facilitate their trading on the capital-raising platform. By tokenizing their goods, such as debt and equity securities, businesses can enable their products to be transacted on exchanges and between wallets using the same or comparable technology as cryptocurrencies.
Understanding securities and their categories
Securities are financial instruments that can be traded and converted into other currencies in both public and private markets. There are three main categories of securities: debt, hybrids, and equity. Debt securities include loans that must be repaid regularly, while hybrids combine elements of debt and equity. Equity securities grant ownership rights to holders.
Details of the ALT2611 tokenized bond
Bitfinex has announced that the ALT2611 tokenized bond will start trading at a price of 100 USDT, with a minimum investment amount of 125,000 USDT. The security distribution will begin one week after the completion of the capital raise, and the bond will have a maturity period of three years from the day of issuance. The securities bond will be governed by the law of the Grand Duchy of Luxembourg.
Mikro Kapital to issue 100,000 securitized tokens of ALT2611
Mikro Kapital, the issuer of the ALT2611 tokenized bond, will issue 100,000 securitized tokens with the aim of raising 10,000,000.00000000 USDT. It is important to note that ALT2611 is not available to U.S. citizens or persons present in the U.S. or any other jurisdiction where the offer or sale would be unlawful.
