El Salvador, emerging as a hub for crypto innovation, has launched its first regulated tokenized T-Bill offering through a collaboration between NexBridge Digital Financial Solutions and Bitfinex Securities.
The initiative, which opened on Tuesday, enables individuals and organizations previously excluded from U.S. Treasury Bill investments to access these products. Bitfinex Securities aims to raise at least $30 million in deposits through this offering, with tokens backed by BlackRock’s short-term Treasury bond ETF, the iShares Treasury Bond 0-1yr UCITS.
The subscription period runs until November 29, with tokens initially purchasable using Tether’s USDT stablecoin and plans to accept bitcoin (BTC) in the future. Once the subscription closes, the tokens will trade on Bitfinex Securities' secondary market under the ticker USTBL. Tokenization of real-world assets (RWA) like U.S. Treasury notes has seen exponential growth, tripling in market size over the past year to reach $2.4 billion, according to rwa.xyz.
The product seeks to provide portfolio diversification, blending the stability of traditional finance with the innovation of digital assets. Jesse Knutson, Bitfinex Securities' head of operations, emphasized that USTBL tokens offer a balanced exposure, reducing portfolio risk while leveraging blockchain efficiency. This effort highlights El Salvador’s commitment to integrating digital finance solutions into its broader financial ecosystem.
0 Comments