Bitfinex Securities introduces the first tokenized US treasure change in El Salvador

• Bitfinex Securities works with Nexbridge to bring a tokenized US treasure change to El Salvador.
• UStBl uses Bitcoin technology Liquid Network and Blockstream Amp.
• The proceeds from the first capital increase of $ 30 million should be invested in the Ishares Treasury Bond 0-1yr UCITS ETF, according to the announcement.

Bitfinex Securities and Nexbridge, an issuer of digital assets that focus on the tokenization of financial investments, have teamed up to launch the first tokenized US treasure change in El Salvador.

The tokenized T-Bill, USTBL, uses Bitcoin technology. In particular, the issuers use the Liquid Network of the flagship digital assets and block stream amp, an asset management platform that enables users to output and manage crypto-assets in the liquid network.

subscriptions for the USstbl begin on November 19

according to a Press release And offers investors access to returns from US state bonds in US dollars. Ustbl is supported by the Ishares Treasury Bond 0-1yr UCITS ETF, the short-term treasury bond ETF of the wealth management giant Blackrock.

The first drawing begins on November 19, 2024 and ends on November 29. However, investors also receive access via other drawing windows. Subscriptions are initially available for StableCoin Tether (USDT), while the issuers plan to add support for Bitcoin (BTC).

"The inclusion of UStBl-tokens in investment portfolios will enable investors to reconcile the commitment in digital assets with the stability of traditional finances and to offer a new degree of diversification that can help to reduce the overall risk of the portfolio," said Jesse Knutson, operations manager at Bitfinex Securities in a explanation.

Michele Crivelli, founder of Nexbridge, added:

"By using the technology and infrastructure of Bitcoin, we lay the foundation for a globally accessible financial ecosystem and bring tokenized US state bonds to investors around the world, while at the same time we guarantee full compliance with legal regulations."

This introduction takes place against the background of an enormous demand for the tokenization of real assets. The RWA-on-chain market is quickly grown with products such as funds, bonds and loans.

according to rwa.xyz The worldwide RWA market is currently over $ 13 billion, where Make up US dollars.